Markets

Tax Demand of Rs 60.49 Crore Received By Trans India House Impex Ltd for Assessment Year 2024-25 Trans India House Impex Limited has received a Notice of Demand from the Income Tax Department concerning its operations for Assessment Year 2024-25. The demand, which includes interest, aggregates to Rs 60,49,80,790/- based on an Assessment Order issued under section 143(3) of the Act.The company has initiated steps to appeal the Assessment Order before the Commissioner of Income Tax (Appeals). While the demand presents a financial exposure related to income tax and associated interest, management states that there is no impact on the day-to-day operations or other activities of Trans India House Impex Limited.Key details regarding the...

Sky Industries Ltd. to Participate in Bharat TEX 2026 Global Textile Expo Sky Industries Ltd. has announced its participation in Bharat TEX 2026, an upcoming global textile exhibition scheduled to be held in New Delhi, India. The event is designed to serve as a platform for the company to strengthen stakeholder engagement and expand its business network.The comprehensive details of Sky Industries Ltd.'s presence at the expo are outlined below:DetailInformationEvent NameBharat TEX 2026 (Global Textile EXPO)DatesJuly 14, 2026 to July 17, 2026VenueBharat Mandapam, New DelhiBooth DetailsHall No. 12A-B9The participation of Sky Industries Ltd. in the major industry event reflects its dedication to fostering sustainable...

Anjani Finance Ltd Strengthens Board with Appointment of Nilay Agrawal Anjani Finance Limited has approved significant changes in its board composition, effective June 30, 2026, following a meeting held by its Directors. The decisions include the appointment of Mr. Nilay Agrawal as an Independent Director and the acknowledgment of Shri Ankur Agrawal completing his tenure on the board.The Board considered and approved the appointment of Mr. Nilay Agrawal to serve as an Independent Director for a first term spanning five consecutive years, effective from June 30, 2026.Simultaneously, the company took on record the completion of Shri Ankur Agrawal's tenure as an independent director, also effective from June 30, 2026.Mr. Nilay...

Emerald Leisure Ltd Board Approves Reappointments and Debt Issuance Authority at Key MeetingEmerald Leisure Limited held a Board of Directors meeting on Tuesday, June 30, 2026, where the company addressed several key corporate governance matters, approved significant financial frameworks, and finalized crucial details leading up to its upcoming General Meeting. The meeting commenced at 11:30 A.M. and concluded at 02:00 P.M.The Board reviewed and adopted the Directors Report, along with the Management Discussion Analysis and the Corporate Governance Report for the Financial Year (F.Y.) 2025-26. Furthermore, the meeting addressed the re-appointment of directors retiring by rotation, including Mr. Nikhil Vinod Mehta and Mr. Tashwant...

Afcons Infrastructure Limited Receives Favorable Arbitration Award of INR 148.67 Crores for Tunnel Project Afcons Infrastructure Limited announced that it has received a favorable Arbitration Award amounting to INR 148.67 Crores concerning claims arising from a major Tunnel Project. The company confirmed the receipt of the award on June 30, 2026.The Arbitral Tribunal granted the amount in favor of Afcons Infrastructure Limited for the construction of Tunnel T74-R balance work at the Dharaam-Qazigund section of the USBRL Project (Package - T-74R-A) in Jammu and Kashmir.In addition to the financial award, the Arbitral Tribunal also directed that the Bank Guarantee held by Afcons be released. The receipt of this award is expected to...

Calcutta Stock Exchange Shares Surge on Revival Hopes, But Market Skeptics Demand Major Reforms The shares of the century-old Calcutta Stock Exchange (CSE), traded on unlisted platforms, have experienced a sharp rally following the announcement by the West Bengal government regarding its intent to revive the bourse. Despite this optimistic development, financial experts are remaining unconvinced about the feasibility of bringing the exchange back from dormancy and achieving meaningful market traction.Investor Optimism Drives CSE Stock Rally The state government's commitment provided a significant impetus to investors, causing volatility in the unlisted shares. The CSE shares, which were quoted at around Rs 1,500 on June 21, saw a...

Simandhar Impex Ltd Announces Resignation of Chief Financial Officer Gaurav Baid Simandhar Impex Limited has announced the resignation of Mr. Gaurav Baid from his role as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The change is effective from the conclusion of its Board Meeting held on June 30, 2026.The company confirmed the approval of the resignation by its Board of Directors during the meeting. The Board also approved the appointment of a new CFO and KMP to ensure continuity in the management and operations of Simandhar Impex Limited.Mr. Baid’s departure as Chief Financial Officer is attributed to the change in control and management of the Company, which occurred following the Share Purchase Agreement...

Spice Islands Industries to Hold Board Meeting Addressing Share Split and Key Director Changes Spice Islands Industries Ltd., previously known as Spice Islands Apparels Limited, has scheduled a significant meeting of its Board of Directors. The meeting is set for Friday, July 03, 2026, at 4:00 P.M. and is slated to consider several material corporate actions, including the sub-division of equity shares and multiple key appointments.Among the primary items on the agenda is the proposal for a share split. The Board is expected to review and approve the conversion of one fully paid up Equity Share with a face value of Rs. 10/- into five fully paid up Equity Shares, each carrying a face value of Rs. 2/-. This action would necessitate the...

Transformers and Rectifiers Secures Ultra Mega Order from PGCILTransformers and Rectifiers (India) Ltd has secured an Ultra Mega Order from Power Grid Corporation of India Limited (PGCIL) for the manufacturing of transformers. This significant contract highlights the company's standing as a leading manufacturer in the domestic market.The order pertains to the manufacture of various rated transformers along with all associated work, awarded by the domestic entity, PGCIL. The entire transaction falls within the normal course of business and is not considered a related party transaction.The delivery timeline for the contracted orders has been set within the next 30 months. The procurement details confirm that the promoter or promoter...

Hindustan Unilever Addresses Resilience and Reinvention at Annual General Meeting Hindustan Unilever Limited (HUL) highlighted the importance of resilience and reinvention in its operational strategies during the 93rd Annual General Meeting, held on June 30, 2026. The company presented a comprehensive overview of how it is leveraging technology, sustainable innovation, and agile supply chains to navigate a complex global operating environment while strengthening India’s long-term economic foundations.Navigating Global Disruption Amidst India's Growth Surge The Chairman’s speech noted that change is no longer episodic but involves simultaneous and compounding disruptions across geopolitics, technology, and climate change. In response...

Acquirers Launch Open Offer for AMPL Capital Limited Shares Valued up to INR 47.93 Crores A mandatory open offer has been announced by DP Global Wealth Management LLP, Mr. Vikas Kataria, and Ms. Supriya Kataria concerning the acquisition of equity shares in AMPL Capital Limited (formerly known as Credent Global Finance Limited). The Acquirers have initiated the offer to acquire up to 159,79,920 fully paid-up equity shares of the Target Company at a fixed price of INR 30 per share.The Open Offer is being managed by Novus Capital Advisors Private Limited. It represents a substantial stake in AMPL Capital Limited and was triggered following the Acquirers' market purchase of a significant portion of the company's equity capital.Details...

Sattva Sukun Lifecare Approves Key Director Appointments, Proposes Name Change and MOA AlterationThe Board of Directors of Sattva Sukun Lifecare Ltd., formerly Mayukh Dealtrade Limited, approved several significant operational and governance changes during a meeting held on June 30, 2026. These actions include the regularization of two new directors, approval for a corporate name change, and material amendments to the company’s Memorandum of Association (MOA).The board members reviewed and sanctioned the appointments of Mr. Sachin Bhanubhai Manseta and Mr. Chirag Dedhia as part of the restructuring and growth planning for the company. Both directorial positions are subject to approval by the shareholders at the forthcoming General...

Simandhar Impex Announces Major Board and Key Management Reshuffle Following Acquisition Transition Simandhar Impex Ltd has announced significant changes in its leadership, with the Board of Directors approving multiple resignations and new appointments at a meeting held on June 30, 2026. The changes span key directorial roles and crucial managerial positions, following a change in control related to the company's acquisition.The shake-up includes the resignation of several senior executives as part of the post-acquisition transition. Mr. Prashant Avantilal Vora resigned from his position as Managing Director and Key Managerial Personnel. Additionally, Mr. Harsh Prashant Vora stepped down as Chairperson and Non-Executive...

Packaging Boom: Why Knack Packaging Ltd is Set for Structural Growth and a 'Subscribe For' Outlook Knack Packaging Limited stands as a specialized, export-oriented entity in the growing flexible packaging sector. The company provides integrated, innovation-driven solutions primarily focused on Printed and Laminated Woven Polypropylene (PLWPP) bags. Its robust operational model positions it to capitalize significantly on the escalating demand for customized high-strength packaging across various industries.Diversified Packaging Solutions Market Penetration Knack Packaging services a wide spectrum of essential end-use markets. These include food grains, flour, sugar, pet food, agriculture, fertilizers, chemicals, detergents, cement, and...

Goyal Salt Limited Incorporates Subsidiary for Business Expansion in Salt Production Goyal Salt Limited has finalized the incorporation of a new subsidiary company, marking a strategic move toward business expansion within the salt industry. The newly incorporated entity is named Goyal Foods Industries Private Limited.The decision to establish the subsidiary follows the Board of Directors' approval regarding the matter on June 18, 2026. The Certificate of Incorporation for the subsidiary was received from the Ministry of Corporate Affairs on June 29, 2026.Goyal Salt Limited has acquired a controlling stake in Goyal Foods Industries Private Limited. This acquisition involves cash consideration, and Goyal Salt Limited holds a 51%...

IOCL Fixes Record Date for Final Dividend of Rs. 1.25 Per Equity Share for FY 2025-26 Indian Oil Corporation Limited (IOCL) has announced the record date determination for its final dividend concerning the financial year 2025-26. The Board of Directors fixed Friday, August 14, 2026, as the Record Date to determine which shareholders are eligible to receive the payment.The decision followed the prior recommendation made by the IOCL Board in May 2026 regarding a final dividend for the financial year 2025-26.As confirmed on June 30, 2026, the board meeting designated August 14, 2026, as the official Record Date. On this date, shareholders holding eligible shares will be entitled to receive a final dividend of Rs. 1.25 per equity share...

Midwest Energy Ltd Approves Sub-Division of Equity Shares, Reduces Face Value from Rs 10 to Rs 1 Midwest Energy Limited, formerly known as Midwest Gold Limited, announced that its Board of Directors approved a significant sub-division and split of its equity shares. The decision was made during the Board meeting held on June 30, 2026, with the objective of enhancing liquidity and encouraging wider participation among retail investors by making the equity shares more affordable.The company approved the transformation of its existing Equity Shares, which have a face value of Rs 10/-, into new equity shares having a face value of Rs 1/- each. This sub-division is subject to subsequent shareholder approval. Concurrently, the Board also...

GRE Renew Enertech Secures ₹175 Crore Contract for Utility-Scale Solar PV Project GRE Renew Enertech Ltd., a company specializing in renewable energy projects development and EPC services, has received a Letter of Award (LOA) from Solarium Green Energy Limited. The contract involves executing the Engineering, Procurement, and Construction (EPC) works for a utility-scale groundmounted Solar PV Project, alongside providing Operation & Maintenance (O&M) Services.The LOA pertains to developing an approximately 50 MW AC / 65 MW DC Ground Mounted Solar PV Project. GRE Renew Enertech will be responsible for the turnkey execution of the EPC works, which includes associated civil, structural, electrical infrastructure, and related projects...

Seven Resolution Plans Received by Professional in SKIL Infrastructure CIRP SKIL Infrastructure Ltd, a company currently undergoing the Corporate Insolvency Resolution Process (CIRP) before the Hon'ble NCLT, Mumbai, has seen multiple resolution plans submitted by interested parties. The Resolution Professional confirmed that seven resolution plans were received from various applicants up until June 27, 2026.The updates pertain to SKIL Infrastructure Ltd, which has been under CIRP at the National Company Law Tribunal (NCLT), Mumbai, since February 1, 2024.As of June 27, 2026, the receipt of these plans signals active interest from resolution applicants in the company's revival process.

Simandhar Impex Limited Restructures Leadership as Key Directors and Management Personnel Resign, New Appointments Announced Simandhar Impex Limited announced significant changes in its leadership and board composition following a meeting held on June 30, 2026. The company saw several senior members tender resignations while simultaneously approving the appointments of new directors and key managerial personnel.The Board took note and accepted the resignations of four Directors due to the change in management and control of the Company. These departing individuals included Mr. Harsh Prashant Vora (Chairman & Non-Executive Director, non-Independent), Mr. Prashant Avantilal Vora (Managing Director and Key Managerial Personnel), Mr...