Markets

MOIL Revises Manganese Ore Prices for June 2026; Key Grades See 5% to 10% Drops MOIL Limited, a Government of India Enterprise, has revised the prices for various grades of Manganese Ore and associated products, effective from June 1, 2026. The adjustments relate to the pricing structure for the quarter April to June 2026, specifically impacting the rates for the month of June 2026.According to the updates, multiple grades of manganese ore saw price changes, with rates decreasing for several categories.The company issued details concerning the fixing and revision of prices for different grades, noting the following changes:Major Price Adjustments for June 2026:High-Grade Ferro Ore: Prices for all Ferro grades of manganese ore...

Anupam Rasayan to Launch Open Offer for Bliss GVS Pharma Limited Anupam Rasayan India Limited has announced a mandatory Open Offer for the public shareholders of Bliss GVS Pharma Limited. The Open Offer is being conducted in compliance with regulations governing substantial acquisitions of shares.The mandatory Open Offer, managed by SBI Capital Markets Limited, is for the acquisition of up to 2,77,26,848 fully paid-up equity shares of Bliss GVS Pharma Limited. This quantity represents 26.00% of the company’s Expanded Voting Share Capital.The offer has been priced at ₹ 299.00 per Offer Share. Should the Acquirer receive full acceptance of the Open Offer, the total consideration payable would be up to ₹ 8,29,03,27,552.00.Underlying...

Zodiac-JRD-MKJ Announces Subsidiary VEM Plastic Molding as Material Subsidiary Zodiac-JRD-MKJ Limited has announced that its subsidiary, M/s. VEM Plastic Molding Private Limited, has been determined to be a Material Subsidiary of the company. The determination was based on the audited financial statements for the Financial Year ended March 31, 2026.A subsidiary is classified as a Material Subsidiary if its turnover or net worth exceeds ten percent of the consolidated turnover or net worth, respectively, of the listed entity and its subsidiaries in the immediately preceding Financial Year.Zodiac-JRD-MKJ Limited confirmed that based on the audited financial statements of VEM Plastic Molding Private Limited and the audited consolidated...

RBI Boosts Citizen Services: How the Central Bank Handled 18,763 Applications in May 2026 RBI’s May 2026 Performance: Analyzing Citizen’s Charter Submissions The Reserve Bank of India (RBI) released a comprehensive summary detailing its performance under the Citizen's Charter for May 2026. The data highlights the substantial volume of applications processed, reaffirming the RBI's commitment to maintaining transparent and efficient regulatory services.In May, the total workload managed was 18,763 applications. This figure comprises applications pending at the start of the month (2,473) and those newly received (16,865), after deducting 575 applications referred back to the original applicants for necessary information.The core metric...

KCL Infra Projects Ltd Announces Financial Results for the Quarter and Year Ended March 31, 2026 KCL Infra Projects Ltd has announced its audited financial results for the quarter and year ended March 31, 2026. The company confirmed that its Statutory Auditors, SCAN & Co., issued an Unmodified Opinion on the audited standalone financial results for the period.The company provided several details regarding the audit and the financial statements, including analyses of significant operational changes and compliance matters.Key Audit Findings and Matters In their audit report, the statutory auditors highlighted several key audit matters, indicating areas of most significance during the audit process.One key matter concerned the...

Borana Weaves Limited Approves Change in Registered Office and Key Managerial Personnel Transition Borana Weaves Limited announced key operational updates following a Board of Directors meeting held on June 1, 2026. During the meeting, the board considered and approved significant changes regarding the company’s key managerial personnel and its official registered office address.The Board of Directors formally approved the resignation of Ms. Seema Luniya from the position of Company Secretary and Compliance Officer, who serves as Key Managerial Personnel (KMP). Ms. Luniya's resignation is attributed to an opportunity for career growth and professional advancement. The cessation of her role was effective from the close of working hours...

IVP Limited Reports Sales Employee Taken Into Custody Following Fraud Investigation IVP Limited has provided an update regarding the fraud committed by a sales employee, confirming that the accused, Mr. Ravi Ranjan Jha, has been taken into custody by the police for further investigation.The company confirmed that the fraud initially involved Mr. Ravi Ranjan Jha, a sales employee, against whom a First Information Report (FIR) was filed at the Byculla Police Station in Mumbai.According to the latest update, the police have taken Mr. Jha into custody, signaling continued investigation into the matter.The core details pertaining to the incident and the company's response are as follows:DetailValuePerson InvolvedMr. Ravi Ranjan...

Open Offer Update for Supreme Infrastructure India Limited Highlights Uncertainty Over Completion Supreme Infrastructure India Ltd's Open Offer is facing continued uncertainty as the Offer Manager reports challenges in securing necessary confirmations from the Acquirers and Persons Acting in Concert (PACs).According to the manager to the offer, the Securities and Exchange Board of India (SEBI) issued its final observations letter dated May 25, 2026. This letter directed the Acquirers and PACs to proceed with and complete the Open Offer. The acquisition targeted involves 3,09,00,665 equity shares, representing 26% of the fully diluted voting share capital of the Target Company.The manager stated that despite continuous engagement and...

Ola Electric Mobility to Initiate Equity Share Placement with Floor Price of ₹37.74 Ola Electric Mobility Ltd. confirmed the details of a planned qualified institutions placement of equity shares, reporting that the company's Fund Raising Committee approved key parameters for the fund raise. The committee finalized the arrangements for the placement, which involves eligible qualified institutional buyers.The placement aims to secure funds through the subscription of Equity Shares, which have a face value of ₹10 each.The decision to move forward with the issue was supported by the Company’s Board of Directors, which accorded approval on October 25, 2025. Furthermore, the Company members passed a special resolution on November 27...

Firstsource and AppliedAI Report Transformational AI Outcomes in Healthcare and Education Workflows Firstsource Solutions Limited, a global intelligence partner, has reported measurable outcomes from its strategic partnership with AppliedAI, confirming the successful deployment of joint AI solutions in complex industry workflows. These results demonstrate significant gains in efficiency, including processing time reductions of over 95% and throughput increases up to 10x in live operational environments.Firstsource Solutions Limited (NSE:FSL, BSE:532809) announced the findings on June 1, 2026, detailing outcomes six months after the company made a strategic equity investment in AppliedAI, an enterprise AI workflow automation company...

Armour Security (India) Limited Announces Audited Financial Results for FY 2026 and Half Year 2026 Armour Security (India) Limited announced the approval of its audited Standalone Financial Results for the half year and the full financial year ended March 31, 2026. The Board of Directors considered and approved these results during its meeting held on May 30, 2026.The Company released the financial results, which were also audited by the Statutory Auditors. The auditors confirmed that the Statement of Annual Financial Results provides a true and fair view of the Company’s net profit and other financial information for both the half year and the full year ended March 31, 2026.Financial Highlights for March 31, 2026 The audited...

Government of India Unveils ₹5 Corporate Stamp Honoring Tejmal Ji Mangal’s 84-Year Business Legacy Ahmedabad, June 1, 2026: In a significant recognition of a prominent Gujarat business legacy, the Government of India unveiled a ₹5 Corporate Stamp. This commemorative stamp honors Late Shri Tejmal Ji Mangal, whose entrepreneurial vision established the foundation of the Mangal Family business on June 1, 1942. The stamp serves as a tribute to a business journey that has evolved into a diverse industrial legacy spanning over 84 years.The unveiling took place at the headquarters of Mangalam Global Enterprise Limited (MGEL) in Ahmedabad. Attendees at the ceremony included Mr. Vipin Prakash Mangal, Chairman of MGEL, along with members of the...

Le Merite Exports Limited Completes Sub-division of Equity Shares Le Merite Exports Limited has announced the successful sub-division of its equity shares, confirming the transaction's completion through the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).The corporate action involves splitting one equity share, which had a face value of Rs. 10, fully paid-up, into five equity shares, each having a face value of Rs. 2, fully paid-up.The sub-divided shares have been credited under the new ISIN: INE0G1L01025 by both major depositories.Transaction Details The operational data provided by the depositories details the credit and debit actions executed on May 30, 2026.NSDL...

TTK Healthcare Pays Penalty After Customs Reclassification of Imported Mechano-therapy Appliances TTK Healthcare Limited paid a sum of Rs. 9,93,320/- to the Customs Department on June 01, 2026, to settle a penalty related to the product classification of its imported medical goods. The payment followed a discrepancy concerning the basic customs duty applicable to mechano-therapy appliances.The matter arose when TTK Healthcare initially imported various products classified under 90191010 [Mechano-therapy Appliances], which carried a basic customs duty of 7.5%. Subsequently, the Customs Department indicated that the appropriate classification should be 90191020 [Massage Apparatus], which carries a basic customs duty of 10%.Following...

Vital Chemtech Reports Financial Results for Q4 FY26 and FY26 Vital Chemtech Limited announced its financial results for the quarter and year ended March 31, 2026. The company's performance highlights included a significant year-on-year improvement in EBITDA for Q4 FY26, while attributing declines in Profit After Tax (PAT) both quarterly and annually to investments in its two subsidiaries.The financial results reveal the following key figures for the periods ending March 31, 2026:Financial Metric (₹ crores)Q4 FY26Q4 FY25YoY change (%)FY26FY25YoY change (%)Revenue from operations35.135.10.2%126.4133.9-5.6%EBITDA4.02.839.7%10.010.6-5.6%EBITDA Margin11.3%8.1%320 bps7.9%7.9%0 bpsProfit after tax0.81.2-28.2%1.04.0-74.1%...

ARSS Infrastructure Projects Unveils Audited Financial Results for March Quarter, Marked by Qualified Audit Opinions ARSS Infrastructure Projects Ltd. has released its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company's financial reports carry Qualified Opinions from the Statutory Auditor, citing non-compliance with accounting standards in several key areas, including revenue recognition, financial asset classification, and related party borrowing treatments.Key Audit Qualifications Identified The Statutory Auditor issued a Qualified Opinion, citing three primary issues concerning the financial statements for the year ended March 31, 2026.1. Non-Compliance with...

Tunwal E-Motors Reports Strong FY26 Results, Revenue Surges 55% to ₹276.84 Crore Mumbai, June 1, 2026: Tunwal E-Motors Limited, a publicly listed electric mobility company primarily focused on electric two-wheelers, announced its audited results for the financial year ended March 31, 2026. The company reported a strong performance, driven by expanding market presence, deepening distribution reach, and the increasing demand for electric mobility solutions across India.For the fiscal year 2025-26, Tunwal E-Motors recorded revenue from operations of ₹276.84 crore. This represents a robust 55% year-on-year growth compared to the ₹178.59 crore reported in the preceding financial year.The company's key financial metrics for the period are...

Signpost India Reports ₹576 Cr Revenue, Achieves 107% Net Profit Growth for FY2025-26 Signpost India Limited announced strong financial results for the fiscal year ended March 31, 2026, marking its most robust annual performance to date. The company saw its revenue grow significantly, while profit growth accelerated even faster, reflecting successful network expansion and optimized asset utilization.During FY2025-26, Signpost India reported a revenue from operations of ₹57,593 lakhs, marking a 27.07% increase year-on-year. Profit growth significantly outpaced revenue, with EBITDA expanding 61.03% to ₹15,153 lakhs. Net profit after tax saw a remarkable increase of 107.09%, reaching ₹7,021 lakhs. Furthermore, the company improved its...

Ambica Agarbathies Clarifies Issue Price for Preferential Allotment of Equity Shares Ambica Agarbathies & Aroma industries Limited announced a correction regarding the details related to its Board Meeting held on May 30, 2026. The clarification addresses a typographical error in the reported issue price for a proposed preferential allotment of equity shares.The company issued the clarification detailing that the issue price of the equity shares was inadvertently mentioned as Rs. 24/- (including a premium of Rs. 14 per share). The corrected figure confirms that the proper issue price is Rs. 25/- (including a premium of Rs. 15 per share).According to the revised disclosure, the allotment concerns the creation, issue, and offer of up...

Dhruv Consultancy Services Secures 15-Year Lease Contract for National Highway Amenities in Maharashtra Dhruv Consultancy Services Limited has secured a significant contract, receiving a Letter of Award (LOA) for the Development, Operation, and Maintenance of Wayside Amenities across various sections of National Highways in Maharashtra. This project solidifies the company's entry into a new business vertical within the infrastructure segment.The company was appointed by the National Highway Logistics Management Limited (NHLML), the authority overseeing the initiative. The LOA pertains to the development, operation, and maintenance of Wayside Amenities on different sections of the National Highway on a lease basis, covering seven rebid...