Markets

Mangalam Worldwide Plans European Expansion with Proposed Wholly Owned Subsidiary Mangalam Worldwide Limited is planning the incorporation of a Wholly Owned Subsidiary (WOS) or subsidiary in Europe. The new entity is slated for establishment in Belgium, the Netherlands, or another country within the European market.This proposed move forms a key part of the Company's broader strategic growth initiatives. Management stated that the expansion aims to enhance operational efficiencies, strengthen customer outreach, expand international presence, and explore new business opportunities specifically within the European market.The subsidiary will operate activities aligned with Mangalam Worldwide Limited's existing business operations...

Suzlon Energy Ltd Reports Material Price Movement Noticed on June 1, 2026 Suzlon Energy Ltd confirmed on June 1, 2026, that the company noted a Material Price Movement (MPM) in its stock scrip. The movement was observed at 3:05 p.m. on the specified date.The company stated that, following the observation of the MPM, Suzlon Energy Ltd could not ascertain any corresponding event or information in the mainstream media that might have triggered the movement.SUZLON Stock Price Movement Suzlon Energy Limited shares today slipped by 5.69% to close at ₹53.93. The stock traded within a daily range of ₹53.5 to ₹56.9, completing the session with a volume of 153.17 million shares.

One 97 Communications Completes EUR 9 Million Investment in Paytm Europe One 97 Communications Limited announced the completion of a significant investment in Paytm Europe Payments S.A., a wholly owned subsidiary of the company. The transaction involved the company's subsidiary subscribing to equity shares in Paytm Europe.Paytm Cloud Technologies Limited, a wholly owned subsidiary of One 97 Communications Limited, confirmed the investment on June 1, 2026. The subsidiary completed the additional investment by subscribing to 9 million equity shares of Paytm Europe.This transaction involved a total consideration of EUR 9 million (Nine Million Euro). The investment was completed on June 1, 2026, at 03:27 p.m. IST.The details of the...

Somany Ceramics to Amalgamate with Three Entities; NCLT Sets Dates for Shareholder and Creditor Meetings Somany Ceramics Limited has received orders from the National Company Law Tribunal (NCLT) Kolkata Bench pertaining to a Scheme of Amalgamation involving three subsidiary entities. The transaction proposes merging Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited into Somany Ceramics Limited.The NCLT Kolkata Bench, in its orders, structured the amalgamation process and scheduled the mandatory meetings for the Transferee Company and its unsecured creditors.Scheme Details and Corporate Structure The Scheme of Amalgamation involves the transfer of business undertakings from Somany Bathware...

Rajvi Logitrade Ltd Enters New Lease Agreements for Commercial Vehicle Fleet Rajvi Logitrade Ltd announced changes to its commercial vehicle leasing arrangements, executing new agreements effective June 1, 2026, following the cancellation of previous contracts. The company entered into separate agreements for leasing vehicles with two different parties, detailing updated operational costs and fleet sizes.The company first canceled an existing Commercial vehicle lease agreement dated February 12, 2026, involving 33 vehicles with Mr. Bhupendrasinh Dalpatsinh Rana. Concurrently, Rajvi Logitrade Ltd has entered into a new lease agreement with Mr. Bhupendrasinh Dalpatsinh Rana, effective June 1, 2026, for a total of 44 commercial vehicles...

Monarch Surveyors Bags Contract for Track Measurement Services from Southern Railway Monarch Surveyors and Engineering Consultants Limited has secured a Letter of Acceptance for providing project management services to Southern Railway. The contract covers Pre & Post Tamping Track Measurements using a Portable Track Geometry Measurement Trolley System (Gedo Survey) for Design Mode Tamping across all lines in the MSB-VM Section.The total value of the awarded project stands at Rs. 2,02,00,500.24/-.This operational contract involves the company executing measurements and providing services within the railway infrastructure. The work is classified as domestic, with the consideration mechanism being cash. The project aims for completion...

ISGEC Heavy Engineering Ltd Issues Counter Guarantee for Eswatini Subsidiary ISGEC Heavy Engineering Ltd has reported the issuance of a counter guarantee through its bankers to support its wholly owned subsidiary, Isgec Eswatini (Proprietary) Limited, Eswatini. The move follows prior board approval for establishing a facility for various forms of bank guarantees and letters of credit.The Company had previously received approval for the issuance of guarantees, including counter guarantees, standby letters of credit (SBLCs), and bonds, through its bankers. This initial approval set an aggregate limit for the facility not exceeding USD 1.1957 million (approximately Rs. 11.23 crores).Further formalizing this arrangement, ISGEC Heavy...

Destiny Logistics & Infra Shares of Rs. 10 Each Admitted to Dealings on NSE Destiny Logistics & Infra Limited (formerly Destiny Logistic Limited) has confirmed that its further issue of equity shares, stemming from the conversion of warrants on a preferential basis, has been admitted to dealings on the National Stock Exchange of India (NSE). The shares are listed and available for trading starting June 02, 2026.The company has successfully completed the listing process for 10,54,500 fully paid-up equity shares of Rs. 10 each. These shares were issued pursuant to the conversion of warrants on a preferential basis.The newly listed security, identified with the symbol DESTINY, is recorded for 10,54,500 units and carries distinctive...

SVA India Ltd Announces Audited Standalone and Consolidated Financial Results for FY 2025-26 SVA India Limited confirmed that its Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, during a meeting held on June 1, 2026. The company also declared that its Statutory Auditors issued an audit report with an unmodified opinion on the financial results.Standalone Financial Results Overview The audited standalone financial results for the year ended March 31, 2026, reveal key operational figures in lakhs of Indian Rupees (₹).The Standalone Statement of Audited Financial Results (₹ in Lakhs):ParticularsQuarter ended on 31.03.2026 (Audited)Quarter...

Quint Digital Announces Leadership Transition at ListenFirst Media- Quintype Technologies Inc. Quint Digital Ltd has announced a leadership transition affecting its material subsidiary, ListenFirst Media- Quintype Technologies Inc. The changes are set to take effect on June 1, 2026.Ms. Miranda McWeeney will be stepping down from her role as Chief Executive Officer. Following her departure from the CEO position, she will transition to the Company's Advisory Board, where she will continue to provide strategic guidance and support.In the interim, Ms. Rucha Pandit has been appointed as the new Chief Executive Officer. Ms. Pandit currently serves as Vice President - Tech Enabled Services and Partnerships and brings extensive industry...

Suryoday Small Finance Bank to Hold Board Meeting on June 25 to Discuss Fundraising and Debt Instruments Suryoday Small Finance Bank Ltd has scheduled a meeting of its Board of Directors for Thursday, June 25, 2026, in Navi Mumbai. The Board is set to consider key recommendations related to future fundraising efforts and the issuance of debt instruments.The meeting's agenda focuses on obtaining enabling shareholder approvals for raising various forms of capital.Key items slated for discussion include:1. Fundraising Approval: The Board will consider recommendations for seeking enabling shareholder approval to raise funds. This includes using Equity Shares, equity linked securities, warrants, and any other eligible securities. The...

Sylph Industries Announces FY26 Results; Statutory Auditors Issue Qualified Opinion on Consolidated Accounts Sylph Industries Limited announced the outcome of its Board of Directors meeting held on June 1, 2026. The Board conducted transactions related to the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and the audited standalone and consolidated financial statements for the year ended March 31, 2026.The company released detailed financial results, including segment reporting, and provided the independent auditor's report highlighting key observations regarding compliance and financial structures.Financial Highlights for FY2026 The company’s financial performance is detailed...

Sattva Engineering Construction Limited Issues Corrected Audit Report for FY2026 Results Sattva Engineering Construction Limited (formerly known as Sattva Engineering Construction Private Limited) announced a correction to its Statutory Auditor's Report concerning the audited financial results for the year ended March 31, 2026. The Company confirmed that the error was purely clerical, clarifying that the name was inadvertently mentioned as 'Sattva Engineering and Consultants Limited' instead of the correct name, 'Sattva Engineering Construction Limited.'The Company issued the corrected Independent Audit Report, affirming that the correction is typographical in nature. Management clarified that there are no changes in the audited...

Prozone Realty Gains Approval for Disinvestment and Hiving Off Assets of Subsidiaries Prozone Realty Limited announced that its shareholders approved a special resolution for the disinvestment and sale of stakes held in its material subsidiaries, along with the hiving off of identified assets from selected subsidiaries. The resolution was approved by the members of the Company through a Postal Ballot, held via remote e-voting, following the Scrutinizer's Report dated June 1, 2026.The approved resolution empowers the Company to consider and approve the proposal for disinvestment/sale of stakes and hiving off of identified assets of its subsidiaries.Details of Disinvestment and Sale Transactions The company provided comprehensive...

NHC Foods Ltd. Approves £18 Million Investment in Wholly Owned UK Subsidiary using FCCB Proceeds NHC Foods Ltd. has approved a significant investment of USD 24,295,000 in its wholly owned foreign subsidiary, NHC FOODS UK LIMITED. The investment is slated for the utilization of proceeds generated from Foreign Currency Convertible Bonds (FCCBs).The decision, made by the Company’s Board of Directors, outlines a strategic move to bolster its UK operations using the capital raised through the FCCBs, as detailed in the company's offering circular dated May 27, 2026.Through this investment, NHC Foods Ltd. will receive 18,043,000 new Ordinary shares of £1.00 each from NHC FOODS UK LIMITED.The investment is directed toward NHC...

Mangalam Global Enterprise to Open Five New NEAT EVERYDAY Retail Stores in Ahmedabad Mangalam Global Enterprise Limited announced a significant expansion in its retail network, confirming the opening of five new physical stores under its specialized wellness brand, "NEAT EVERYDAY." The new outlets are slated to open in Ahmedabad, Gujarat, on June 04, 2026, supplementing the Company’s existing store presence.The launch of these "NEAT EVERYDAY" stores marks a major milestone in the Company’s overall expansion strategy within its wellness and beauty division.The newly established locations will serve as hubs offering a curated selection of products. The offerings span nutraceuticals, wellness goods, beauty items, and personal care...

Shashank Traders Announces Financial Results for FY2026, Approves New Leadership Appointments Shashank Traders Ltd announced its standalone audited financial results for the quarter and full financial year ended March 31, 2026. The company also announced significant changes in its management, including multiple executive resignations and the appointment of new key managerial personnel (KMP) and directors.The Board of Directors of Shashank Traders Ltd met on May 30, 2026, to take record of the audited financial results and approve operational and governance changes.Financial Performance Summary The company released the standalone audited financial results, providing comparative figures for the quarter and year ended March 31, 2026...

Indo Count Industries Ltd. Adjusts Operational Timeline for Kolhapur Capacity Addition Indo Count Industries Ltd. announced a correction regarding the commissioning timeline for its capacity addition project. The update relates to the company's spinning facility located at Alte, Kolhapur, Maharashtra.The company issued a corrigendum following an earlier intimation concerning the expansion project. This correction addresses an inadvertent clerical error related to the expected operational timeline.The initial announcement had specified that the facility would become operational by Q2 of FY 2027. The corrigendum officially changes this expected date. The revised timeline for the project becoming commissioned is now stated as 'by Q2 of...

Kirloskar Oil Engines Faces Tax Demand from Pune Deputy Commissioner Over ITC Mismatch Kirloskar Oil Engines Limited has received a Show Cause Notice concerning a tax demand related to Input Tax Credit (ITC) mismatch for the Financial Year (FY) 2022-23. The order was issued by the Deputy Commissioner of State Tax in Pune, Maharashtra, and was received by the company on June 1, 2026.The notice centers on the alleged ITC Mismatch for the financial year 2022-23, leading the Pune authority to impose a demand for tax, interest, and penalty.The total financial liability detailed in the order includes the following components:ComponentAmount DemandedTaxRs. 3,18,52,849/-InterestRs. 2,31,38,259/-PenaltyRs. 31,85,286/-...

Emami Limited Completes Acquisition, Establishes Subsidiary Status with IncNut Digital Private Limited Emami Limited announced today, June 1, 2026, the successful acquisition of a significant stake in IncNut Digital Private Limited, thereby making IncNut a subsidiary of the company.The acquisition involved Emami Limited acquiring 2,05,767 equity shares, which represents a 59.69% stake in IncNut Digital Private Limited.The company confirmed that the remaining stake acquisition of IncNut will be finalized according to the terms stipulated in the Share Subscription and Purchase Agreement. The remaining stake amounts to 0.31%, totaling 1,064 equity shares.For quick reference, the details of the completed acquisition are summarized...