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Tamilnad Mercantile Bank Limited to Open New Branch in Navi Mumbai Tamilnad Mercantile Bank Limited has announced plans for its expansion by opening a new branch location in Navi Mumbai. The bank is setting up shop at CBD Belapur, preparing to commence operations on June 30, 2026.The establishment of the new branch marks a step in the bank's growing network and services availability in Maharashtra.Key details regarding the new branch are as follows:Branch NameAddressDate of OpeningCBD BelapurShop No. 11 & 12, Hilton Centre, Plot No.66, Sector - 11, CBD Belapur, Navi Mumbai, Maharashtra - 400 61430.06.2026The opening of the CBD Belapur branch will provide increased banking access to residents and businesses in the area...

Inox Wind Limited Executes Partial Divestment of Stake in Subsidiary IRSL for Rs. 50 Crore Inox Wind Limited has announced a partial divestment of equity shares in its material subsidiary, Inox Renewable Solutions Limited (IRSL). The binding agreements for this transaction were executed on June 29, 2026, with the aggregate transaction value estimated at approximately Rs. 50 Crore.Following the completion of the divestment, Inox Wind Limited’s shareholding in IRSL is expected to decrease from 88.84% to 87.98%.The sale involves the partial divesting of equity shares of face value Rs.10/- each in Inox Renewable Solutions Limited. The shares are being sold to certain third parties, none of whom are part of the promoter or promoter group...

Crest Ventures Secures Cluster Redevelopment Deal with Prafulla Housing Society in Dadar East Crest Ventures Limited, through its subsidiary Sutlej Housing Pvt. Ltd. (SHPL), has registered a Development Agreement for a large-scale cluster redevelopment project located in Dadar, Mumbai. The agreement was signed with the Prafulla Co-operative Housing Society, establishing Crest Ventures' expanded presence in the prime real estate market of Dadar East.The project is situated in the geographic heart of Mumbai and benefits from excellent city-wide connectivity and mature urban infrastructure. Dadar functions as a major multimodal transit and commercial hub, offering seamless access to the Western, Central, and Harbour railway networks...

Pace Digitek’s Lineage Power Advances BESS Manufacturing Scale-Up, Targets 10 GWh Capacity by Q3 FY2027 Pace Digitek Limited, through its subsidiary Lineage Power Private Limited, has announced significant progress in its Battery Energy Storage System (BESS) manufacturing expansion program. The company's scaled, integrated approach to energy storage is being bolstered by the addition of crucial manufacturing capacity across multiple phases.The immediate focus involves an additional 2.5 GWh capacity line whose installation, integration, and commissioning are currently in advanced stages and are expected to be completed in July 2026. Upon completion of this phase, the total installed BESS manufacturing capacity is projected to increase...

IVP Limited Receives Orders Directing Closure of Manufacturing Unit from Maharashtra Pollution Control Board IVP Limited has received directives from the Maharashtra Pollution Control Board (MPCB) mandating the immediate closure of its manufacturing operations at a unit located in Tarapur. The decision follows investigations into alleged violations related to environmental standards for water and air pollution control.The company’s unit, situated at D-19/20, MIDC Area Tarapur, Dist. Palghar, Boisar, Maharashtra 401 506, must cease manufacturing activities immediately following the receipt of directions from the regulatory body on June 29, 2026.The MPCB issued the orders under Section 33A of the Water (Prevention and Control of...

Mangalam Worldwide Limited Sets July 23, 2026 as Record Date for Final Dividend Mangalam Worldwide Limited has announced the record date for shareholders to determine eligibility for a final dividend per equity share. The company set Thursday, July 23, 2026, as the record date for the payment of the final dividend.The dividend is set at Rs. 0.30 (Thirty Paise) per equity share of face value Rs. 10/- each for shareholders in respect of the financial year ending March 31, 2026. This determination follows previous intimation regarding the matter.All other terms and conditions related to the dividend remain unchanged as previously disclosed by the company.The details specifying the record date for this dividend payment are as follows...

Newgen Software Lands Significant Purchase Order for Loan Origination and Collections System Implementation Newgen Software Technologies Limited has secured a substantial purchase order from Annapurna Finance Private Limited. The contract involves the implementation, maintenance, and licensing of a specialized Loan Origination and Collections System.The total value of the contract stands at INR 15,59,20,988 (Rupees Fifteen Crore Fifty-Nine Lacs Twenty Thousand Nine Hundred Eighty-Eight Only).The order awarded to Newgen Software Technologies Limited details were confirmed on June 29, 2026. The agreement spans a five-year period and covers both perpetual licensing as well as implementation and support services for the system.Details...

Lamosaic India Announces Key Board Decisions: Changes in Leadership, Capital Expansion and Committee Reconstitution Lamosaic India Limited held a board meeting on June 29, 2026, where it approved several major corporate decisions. These approvals include changes in senior leadership, an increase in Authorized Share Capital, the insertion of a new Main Object Clause, and the reconstitution of key committees of the Board of Directors.The company also notified the agenda for its Third (03rd) Annual General Meeting (AGM), which is scheduled to be held on Friday, July 24, 2026. The AGM will be conducted via Video Conferencing or Other Audio Visual Means. Key decisions slated for shareholder approval at the AGM include the altered...

Tech Mahindra Limited completes liquidation of Myanmar subsidiary Leadcom Integrated Solutions Tech Mahindra Limited has announced the voluntary liquidation of its wholly-owned step-down subsidiary, Leadcom Integrated Solutions Myanmar Company Limited. The liquidation was completed effective from 29th June 2026.The company received intimation regarding the completion of this process on the same date at 3.04 p.m. (IST).Leadcom Integrated Solutions Myanmar Company Limited was a wholly-owned step-down subsidiary of Tech Mahindra Limited. Financial details relating to this unit during the last reported financial year are as follows:Financial MetricValueRevenue (FY ending March 31, 2022)0.27 Crores INRNet Worth8.16 Crores INR...

Electronics Mart India Limited Commences Operations of New Multi-Brand Store in GurugramElectronics Mart India Limited has commenced commercial operations for a new multi-brand store under its own brand, 'ELECTRONICS MART'. The operational launch took place on June 29, 2026.The new retail outlet is located in Gurugram and provides consumers with access to the company's merchandise. The establishment is situated within the Commercial Complex named 'Golden Jubilee Business Plaza,' which is located at Old Delhi Road in Gurugram, Haryana.Details regarding the newly operational store include:MetricDetailBrand NameELECTRONICS MARTCommencement DateJune 29, 2026LocationGurugram, HaryanaStore Area6,250 Square feetEMIL...

SIS LIMITED approves buyback of equity shares with potential capital return reaching Rs 720 crore SIS Ltd. has announced that its Board of Directors has approved, in principle, a proposal to conduct a share buyback, marking the company's fifth such initiative since its listing in August 2017. Once executed, this buyback, valued up to Rs 120 crore, is expected to bring the cumulative capital returned to shareholders, across prior buybacks and dividends, to approximately Rs 720 crore.The proposed move underscores SIS's sustained commitment to returning surplus capital to its investors, building upon a consistent track record of shareholder returns. Prior to this proposal, the company had completed four buybacks (totaling around Rs 420...

Powerica Limited Receives Rectification Order Regarding Tax Demand for Assessment Year 2025-26 Powerica Limited has received a rectification order concerning a tax demand related to the Assessment Year 2025-26, revising the initial amount previously notified by tax authorities. The company is currently reviewing the revised order and evaluating subsequent steps in this matter.The notification states that the Company had initially faced a Tax Demand amounting to Rs. 30,27,98,870/- under Section 143(1) of the Income Tax Act, 1961, for Assessment Year 2025-26. Following this initial demand, Powerica Limited filed a formal response with the Income Tax Authorities on June 17, 2026.On June 29, 2026, the Company received a rectification...

South Indian Bank Opens New Branch in Thiruvallur The South Indian Bank Limited has announced the opening of a new branch located in Thiruvallur, expanding its presence in Tamil Nadu. The bank will commence operations at the newly established location on June 30, 2026.Details regarding the new operational center are as follows:Branch NameAddress of BranchDate of OpeningManavalanagar, Thiruvallur (1056)Plot no 253, Kasthuribai Nagar, Melnallathur, Manavalanagar, Thiruvallur, Tamil Nadu- 60200230-06-2026The opening of this branch signifies a move by The South Indian Bank Limited to cater to the growing financial needs in the Thiruvallur region.SOUTHBANK Stock Price Movement Today, shares of The South Indian Bank Limited...

Lumax Auto Technologies Completes Acquisition, Securing Full Ownership of Lumax FAE Technologies Lumax Auto Technologies Limited has completed the acquisition of the remaining 15.97% Equity Stake in Lumax FAE Technologies Private Limited (LFAE). The acquisition, finalized on June 29, 2026, means LFAE has now become a Wholly Owned Subsidiary of Lumax Auto Technologies Limited.The stake was acquired from Francisco Albero SAU (FAE). Following the completion of this transaction, LFAE transitioned into a fully owned subsidiary of the Company, marking a significant consolidation in its operational structure.Despite the change in ownership status, FAE will continue to support LFAE by providing technical assistance. Furthermore, FAE has...

MT Educare Limited Defaults on Loan Repayments, Corporate Insolvency Proceedings Continue MT Educare Limited has defaulted on the repayment of principal and interest amounts from various financial institutions. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP), as per a National Company Law Tribunal (NCLT) order dated December 16, 2022.The default relates to obligations including Term Loans, Overdrafts, and Corporate Guarantees with multiple lenders. As of June 29, 2026, the company reported a total outstanding borrowing amount from banks amounting to 32.33 Crores INR.Loan Default Breakdown Details regarding the defaulted loans involving Axis Bank Limited and Prudence ARC are as follows...

Tata Elxsi Receives Tax Demand Notice from Income Tax Department; Total Demand Amounts to Rs 1.58 crore Tata Elxsi Ltd has received a notice of demand from the Centralized Processing Center, Income Tax Department, Bengaluru, regarding its tax assessment for Assessment Year 2025-26. The notice relates to an alleged mismatch between tax credits claimed and those allowed during the regular assessment process.The company confirmed receipt of the order on June 29, 2026.A review of the details shows that the total demand amount stands at Rs 1.58 crore. This action, which is part of the routine assessment process by the Income Tax Department, prompted Tata Elxsi to initiate a thorough internal review.The company stated that based on the...

Sat Kartar Life Limited Expands Global Footprint by Commencing Operations in USA Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has announced a significant expansion of its global presence. The company is commencing operations in the United States of America (USA) through its wholly owned subsidiary, Sat Kartar USA INC.This move marks a strategic step by the organization to extend its reach internationally. By establishing and launching activities through its dedicated US entity, Sat Kartar Life Limited solidifies its commitment to global growth following the commencement of operations in the American market.SATKARTAR Stock Price Movement Today, shares of Sat Kartar Life Limited edged higher to close at...

My Mudra Fincorp Limited Empanelled as Authorized Distributor for Nippon India Mutual FundMy Mudra Fincorp Limited has secured a significant expansion in its financial services portfolio after being empanelled as an authorized distributor of Nippon India Mutual Fund. This appointment marks a major developmental step for the company, enhancing its reach in the mutual fund distribution sector.Through this new association, My Mudra Fincorp Limited will now be able to offer a comprehensive range of schemes provided by Nippon India Mutual Fund. The company's extensive infrastructure, comprising both its branch network and digital platforms, will enable it to provide these financial products to retail and institutional investors alike...

Davangere Sugar Company Schedules Board Meeting to Consider Issuance of Foreign Currency Convertible Bonds Davangere Sugar Company Ltd has announced a meeting of its Board of Directors to consider and approve the proposal for issuing Unsecured Foreign Currency Convertible Bonds (FCCBs). The Board meeting is scheduled for July 02, 2026.The scheduling follows prior approvals obtained by the company. Shareholder approval for the issuance was secured during an Extra-Ordinary General Meeting held on April 24, 2026. Additionally, Davangere Sugar Company received in-principle approval letters from BSE Limited and National Stock Exchange of India Limited dated June 10, 2026.The Board is set to review the FCCB issuance proposal during the...

Ranjay Choudhary Appointed as Director (Finance) at Indian Railway Finance Corporation; Ex-post Facto Approval Granted to Another Official Indian Railway Finance Corporation Ltd (IRFC), a Government of India enterprise, has seen the appointment of Shri Ranjay Choudhary to the position of Director (Finance). The company also received ex-post facto approval for an extension charge granted to Shri Randhir Sahay.According to an order by the Ministry of Railways (MoR), Government of India dated June 29, 2026, the competent authority approved these appointments and designations.Shri Ranjay Choudhary, who is currently CGM at Power Finance Corporation Ltd (PFC), has been appointed as Director (Finance) for IRFC. His remuneration is set in...