Markets

Government of India Unveils ₹5 Stamp Honouring Mangal Family Business Legacy Ahmedabad, June 1, 2026: The Government of India unveiled a ₹5 Corporate Stamp, recognizing the enduring business legacy of the Mangal family. The stamp pays tribute to Late Shri Tejmal Ji Mangal, whose entrepreneurial vision laid the foundation for the Mangal family business in 1942.In a ceremony held at the headquarters of Mangalam Worldwide Limited (MWL) in Ahmedabad, the stamp was unveiled in the presence of Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited. Also present were Mr. Chandragupt Prakash Mangal and Mr. Chanakya Prakash Mangal, representing the fourth generation of the family business.The unveiling marked a tribute to the...

D.P. Wires Ltd Issues Clarification Regarding Related Party Transaction for FY2025 D.P. Wires Ltd has issued a clarification concerning the reporting of a related party transaction for the financial period ended March 31, 2026. The company addressed the issue of an incorrect value being reported for the transaction approved by the Audit Committee.The clarification noted that the discrepancy arose due to an inadvertent clerical error in the filing process. Specifically, the value reported in the "Value of the Related Party Transaction as approved by the Audit Committee" tab was inaccurate.D.P. Wires Ltd confirmed that the error was purely clerical and unintentional. The company identified the discrepancy during an internal review and...

SEBI Overhauls InvIT Accounting: Debt Funding for Major Maintenance Now Eligible for Cash Flow Add-Back SEBI has issued a crucial consultation paper proposing a significant change to the calculation of Net Distributable Cash Flows (NDCF) for Infrastructure Investment Trusts (InvITs). The proposed framework allows InvITs to factor in payments for Major Maintenance (MM) expenses that have been financed through external debt.This move directly addresses industry concerns, facilitating the monetization of vital infrastructure assets like roads while stabilizing capital structures. The proposal introduces comprehensive safeguards and enhanced disclosure requirements to maintain investor confidence.Why the Change? Addressing the Industry...

Harsha Engineers Recommends Rs 1.5 Dividend Per Share for FY 2026 Harsha Engineers International Limited announced that its Board of Directors recommended a dividend payout of Rs 1.5 per equity share for the Financial Year ended March 31, 2026. The recommendation was made at a board meeting held on May 7, 2026. The company stated that the share has a face value of Rs 10 each.The dividend payout, effective for the Financial Year 2026-27, is subject to tax deduction at source (TDS), as dividend income paid on or after April 1, 2020, is taxable in the hands of shareholders.TDS Implications for Shareholders The Company outlined specific TDS requirements based on the residential status and documentation provided by the shareholder.For...

Savy Infra and Logistics Approves FY2026 Financial Results, Notes Capital and Revenue Increases Savy Infra and Logistics Limited (SAVY) confirmed the board approval of its audited financial results for the year ended March 31, 2026. The company also received approval for its statutory auditors report and cash flow statement pertaining to the same period.The approvals were taken during the Board of Directors meeting held on May 30, 2026.Financial Performance Overview The audited financial results indicate significant shifts in the company's balance sheet and profitability metrics.For the year ended March 31, 2026, the company reported the following key revenues and profitability figures:ParticularsFor the Year ended March 31...

Everest Kanto Cylinder Limited Reports Strong FY26 Results, Driven by Profitability Gains Everest Kanto Cylinder Limited (EKC), a leading manufacturer of high pressure seamless gas cylinders, announced its audited financial results for the quarter and year ended March 31, 2026. The company reported improved profitability and margin expansion, highlighting steady growth across multiple industrial segments.Financial Performance Snapshot (₹ Crore) The company reported results both on a consolidated basis and stand-alone.Consolidated Financial Results (₹ Crore)ParticularsQ4 FY26Q4 FY25YoYFY26FY25YoYIncome from operations358.2422.1-15.1%1,470.61,499.2-1.9%EBITDA39.637.94.5%203.0175.5+15.7%EBITDA Margin11.1%9.0%208...

United Foodbrands Limited Receives Tax Demand Notice for Assessment Year 2023-24 United Foodbrands Limited, formerly known as Barbeque-Nation Hospitality Limited, has received an Assessment Order and Notice of Demand from the Deputy Commissioner of Income Tax, Bengaluru. The notice, received on May 31, 2026, relates to the Assessment Year 2023-24 and centers on a transfer pricing adjustment.The assessment conducted under Section 143(3) read with Section 144C(3) resulted in an addition of ₹2.78 crores to the company's total income. This addition arises from a transfer pricing adjustment made under Section 92CA(3) of the Income Tax Act, 1961, concerning royalty received from Associated Enterprises.The accompanying Notice of Demand...

Moneyboxx Finance Ltd Opens New Branch Office in Peenya, Bangalore Moneyboxx Finance Ltd has announced the establishment of a new branch office in Peenya, Bangalore, signaling an expansion of its operational presence in Karnataka. The new branch officially commenced operations on June 01, 2026.The newly inaugurated facility is located at Site No-36, Plot No 3B, 3rd Floor, KIADB Main Road, Opp BWSSB Office, Peenya, 2ND Phase, Peenya Bangalore - 560058.The opening of this Bangalore branch reinforces the company's commitment to expanding its service network and enhancing its reach within the region.MONEYBOXX Stock Price Movement Shares of Moneyboxx Finance Limited today slipped by 0.03% to settle at ₹70.03. The equity operated within...

NCLT Approves Scheme of Amalgamation for Triton Valves and Tritonvalves Climatech The National Company Law Tribunal (NCLT), Bengaluru Bench, has approved the Scheme of Arrangement for Amalgamation between Tritonvalves Climatech Private Limited (the Transferor Company) and Triton Valves Limited (the Transferee Company). The order, delivered on May 29, 2026, sanctioned the amalgamation under Sections 230, 231, and 232 of the Companies Act, 2013.The approved Scheme sets the Appointed Date for the amalgamation to April 1, 2025. This decision provides a clear operational mandate for the restructuring process, confirming the combination of the two entities and binding all respective shareholders and creditors.The Tribunal’s proceedings...

Laxmi Devi Bhuwalka Group Acquires 9.92% Stake in Natura Hue Chem Ltd. Laxmi Devi Bhuwalka, along with Archana Bhuwalka and Balkishan Bhuwalka, has completed the acquisition of a stake in Natura Hue Chem Ltd. The acquisition totaled 4,11,396 equity shares, representing 9.92% of the company’s total diluted share/voting capital.The acquisition was finalized on May 29, 2026, through an off market transaction.Acquisition Details The acquisition involved the purchase of shares carrying voting rights by the group members:Laxmi Devi Bhuwalka acquired 1,80,092 shares, amounting to 4.34% of the total diluted share/voting capital. Archana Bhuwalka acquired 1,41,104 shares, representing 3.40%. Balkishan Bhuwalka acquired 90,200 shares...

Buddha Relics Arrive in Mongolia for Exhibition, Amid Broader Updates in Indian Finance and Culture Ulaanbaatar, May 31 — The sacred relics of Arahant Sariputta and Arahant Mahamoggallana, the chief disciples of Lord Buddha, arrived in Mongolia's capital, Ulaanbaatar, on an Indian Air Force IL-76 'Gajraj' aircraft. The relics are slated for a special public exposition beginning on Buddha Purnima at the Gandan Tegchenling Monastery.The relics, which are highly revered throughout the Buddhist world for their wisdom and dedication to the Dhamma, were sourced from the historic Sanchi Stupa in Madhya Pradesh. The exposition will run from May 31 to June 10, allowing devotees and visitors to pay homage.The successful transport underscores...

Apollo Sindoori Hotels Names Director for UK Subsidiary, Mr. Duvvuru Rajesh Reddy Apollo Sindoori Hotels Limited announced the appointment of Mr. Duvvuru Rajesh Reddy as a Director of Sindoori Management Solutions Limited, United Kingdom. This appointment positions the newly appointed individual within the company's international structure, specifically at a subsidiary level of Apollo Sindoori Hotels Limited.Mr. Reddy's appointment as Director of Sindoori Management Solutions Limited, United Kingdom, is effective from May 27, 2026. This subsidiary is part of a corporate structure where Sindoori Management Solutions Private Limited is its parent, and that entity, in turn, is a wholly owned subsidiary of Apollo Sindoori Hotels Limited...

Coal India Limited Releases E-Auction Data for May 2026 and FY 2026-27 Coal India Limited (CIL) has released the Single Window Mode Agnostic (SWMA) E-auction data detailing the e-auction for CIL and its subsidiary companies, covering both May 2026 and the financial year 2026-27 (April-May 2026). The data provides a comprehensive look at the allocation of coal and coal products across the major units.E-auction of Coal and Coal Product (Provisional) The e-auction conducted in May 2026 saw substantial quantities offered and allocated across various subsidiaries. The data provides specific metrics regarding the total quantity offered, the quantity allocated, the percentage of allocation, and the percentage increase over the Notified...

GHCL Reports Sustainability Performance for FY 2025-26, Highlights Decarbonization and Inclusive Growth GHCL Limited, a major chemical manufacturer, has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company's operational scale, environmental resource management, and efforts toward enhancing social equity and governance across its diverse business verticals, including Soda Ash and CPD (Salt) manufacturing.Corporate and Operational Scale GHCL Limited, incorporated in 1983, maintains its primary registered office in Ahmedabad, Gujarat, and a corporate address in Noida, Uttar Pradesh. The company's paid-up capital is INR 91,93,41,550.Operationally, GHCL...

SEBI Drops Major Regulatory Order for Victory Investment Fund, Signaling Market Scrutiny SEBI, the Securities and Exchange Board of India, has formally released a significant regulatory order concerning the Victory Investment Fund. This directive marks a key moment of oversight for the fund, prompting immediate attention among industry participants and investors alike.The regulatory action, published today, 01/06/2026, details SEBI’s findings and mandated directives regarding the fund's operations. This swift intervention underscores the regulator’s commitment to maintaining robust standards within the investment management sector.Key Details of the SEBI Directive The order, referenced under CGM/HO/AFD/I/12792/2026, constitutes a...

Karnataka Bank Holds Annual Conference for Concurrent and Internal Auditors Karnataka Bank successfully hosted its Annual Conference of Concurrent Auditors and Internal Auditors for the Financial Year 2026-27. The event took place on May 20, 2026, at the bank's Centenary Building in Mangaluru. The conference was organized in a hybrid mode under the guiding theme, "Anticipate, Strengthen, Prevent," ensuring participation from auditors and Bank officials across the country.The conference served as a crucial platform for discussions focused on strengthening audit practices, enhancing risk management, ensuring regulatory compliance, and sharing best practices in internal control and governance.The proceedings were presided over by Shri...

RBI Approves Mirae Asset Mutual Fund's Acquisition of Shares in Equitas Small Finance Bank Equitas Small Finance Bank Ltd announced that it received confirmation on June 01, 2026, regarding the approval granted by the Reserve Bank of India (RBI). The approval permits M/s. Mirae Asset Mutual Fund to acquire a specified stake in the bank.The RBI approval allows Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.50% of the paid-up share capital or voting rights in Equitas Small Finance Bank Ltd.The approval received by the bank is subject to compliance with the relevant provisions of the Banking Regulation Act, 1949, and the Reserve Bank of India's Commercial Banks-Acquisition and Holding of Shares or Voting Rights...

UltraTech Cement to Hold Board Meeting on July 20 to Approve Q1 Financial Results UltraTech Cement Ltd announced that its Board of Directors will convene a meeting on Monday, July 20, 2026. The primary purpose of the meeting will be to consider and approve the Standalone and Consolidated Unaudited Financial Results for the quarter ending June 30, 2026.The company also issued details regarding the closure of the trading window for its securities. As part of the company's code of conduct, the trading window for all Connected / Designated Persons and their immediate relatives will be closed starting July 1, 2026. This restriction will remain in place until 48 hours after the announcement of the financial results, extending up to July 22...

SoftTech Engineers Launches CivitTWIN: India's First AI-Powered Digital Approval Twin for BMC SoftTech Engineers Limited has successfully collaborated with the Brihanmumbai Municipal Corporation (BMC) to develop and launch CivitTWIN, a groundbreaking AI-powered Digital Approval Twin designed for managing building permits. The platform's launch was marked by the presence of the Hon. Chief Minister of Maharashtra, Shri Devendra Fadnavis ji, along with the Mayor of Mumbai, Smt. Ritu Tawade ji, and the Municipal Commissioner of Mumbai Municipal Corporation, Smt. Ashwini Bhide, at a recent Tech Week event in Mumbai.CivitTWIN is set to revolutionize the regulatory journey for construction and development in the metropolitan area...

Alfa Transformers Ltd. Secures Rs. 63 Crores LOA for Supply of 10 KVA Transformers Alfa Transformers Ltd. has secured a Letter of Award (LOA) from Madhya Gujarat Vij Company Ltd (MGVCL) for the supply of 11 KV/0.433 KV 3 Phase 10 KVA transformers. The contract, valued at Rs. 63 Crores, covers the supply of 12,000 units under the CPP Tender for the fiscal year 2026-27.The award confirms Alfa Transformers Ltd. as the supplier for this substantial domestic order, which falls under the scope of the CPP Tender for 2026-27. The contract is expected to be executed during the 2026-27 period.Contract Scope and Value MGVCL issued the Master Letter of Acceptance on May 27, 2026. The transformers to be supplied are 11 KV/0.433 KV 3 Phase 10 KVA...