Markets

Kuantum Papers Ltd plans temporary shutdown of Paper Machine-3 for comprehensive modernization drive Kuantum Papers Ltd has announced that it will temporarily shut down Paper Machine-3 (PM-3). The company initiated this move as part of a planned upgradation and modernization program aimed at enhancing its production capabilities.The facility in question, located at the Saila Khurd plant, Punjab, will undergo the temporary shutdown. Kuantum Papers estimates that the duration of the operational halt for PM-3 will be approximately one month.Despite this scheduled downtime for one specific machine, Kuantum Papers confirmed that all other Paper Machines and the overall plant operations will continue running as usual during the...

Favourable Ruling in US Litigation Provides Significant Boost to ADF Foods Subsidiary The United States District Court, Southern District of New York, has issued Findings of Fact and Conclusions of Law regarding a significant litigation involving ADF Foods (USA) Ltd., a wholly owned subsidiary of Adf Foods Ltd. The ruling constitutes a substantial positive outcome for the company's US operation.The dispute arose between Ascot Valley Foods, Ltd. and ADF Foods (USA) Ltd. Initially, Ascot had filed a case against the subsidiary related to the violation of a Co-pack agreement. Meanwhile, ADF Foods (USA) Ltd. had introduced counterclaims in the matter, including misappropriation of ADF's proprietary recipes and trade secrets.The court...

Amber Group Launches Two Advanced Manufacturing Facilities at YIEDA in Uttar Pradesh Gurugram, India; June 27, 2026: Amber Group conducted a groundbreaking ceremony today for two advanced manufacturing facilities located at YIEDA near Noida International Airport (Jewar), Uttar Pradesh. The expansion solidifies the group's commitment to large-scale technology-intensive manufacturing in India.The ceremony marked the launch of two major projects: Ascent-K Circuit’s facility dedicated to Advanced HDI PCBs manufacturing, and Amber Group’s Ultra Mega AC manufacturing plant.The Ascent-K Circuit facility spans 16 acres and is approved under the Electronics Component Manufacturing Scheme (ECMS) by the Ministry of Electronics and Information...

Master Components Limited Approves Key Decisions for Scheme of Amalgamation with Master Moulds Private Limited Master Components Limited announced key outcomes from its Board meeting held on June 29, 2026, related to the ongoing scheme of amalgamation involving the transferor company, Master Moulds Private Limited. The Board approved critical steps required under the NCLT direction concerning the consolidation of the two entities.The decisions include approving the notice for the Extraordinary General Meeting (EGM) of shareholders and the meeting of unsecured creditors, both scheduled for August 3, 2026. The EGM is set to be held at 11:00 a.m. through Video Conferencing (VC) or other Audio-Visual Means (OAVM), while the unsecured...

Aeroflex Industries Announces Final Dividend of Re. 0.40 Per Equity Share for FY25-26 Aeroflex Industries Limited has announced its final dividend for the Financial Year 2025-26, following a recommendation by the company's Board of Directors. The company fixed Tuesday, July 14, 2026, as the Record Date to determine the entitlement of members for this payment.The dividend amount is Re. 0.40 (Forty Paisa) per equity share, which carries a face value of Rs. 2/- each. The Board of Directors had recommended this dividend during its meeting held on May 05, 2026.Should the proposed dividend be approved by the Members at the upcoming Annual General Meeting, Aeroflex Industries Limited commits to making the payment within statutory...

TTK Healthcare Reports on Operations and Sustainability for FY 2025-26; Highlights Employee Development and Resource Efficiency Efforts TTK Healthcare Limited (TTKHCL) has released its Business Responsibility and Sustainability Report (BRSR) covering the financial year 2025-26, outlining operational achievements, commitment to sustainable practices, and social impact initiatives. The report details the company’s activities across various business units, focusing on product stewardship, human resource management, and environmental conservation efforts.Business Operations and Market Reach TTKHCL is involved in the manufacture, marketing, and distribution of Consumer, Animal Welfare, and Food Products, as well as Medical and Protective...

Blue Cloud Softech Shares Plunge as Stock Dips Nearly 8% After Securing BSNL Empanelment for Private Networks Why Did Blue Cloud Softech's Stock Fall on BSNL Empanelment? Blue Cloud Softech Solutions Ltd saw its shares fall nearly 8% in early trading on Monday, with the stock hitting Rs 19.42 and registering a decline of 7.66%. This sharp movement followed the company's announcement that it has been empanelled by Bharat Sanchar Nigam Ltd (BSNL). The empanelment places Blue Cloud Softech as a Captive Non-Public Network (CNPN) Provider under Category III for BSNL.The stock market reaction suggests investor concern regarding the immediate financial implications of this agreement. While securing such an empanelment is strategically...

Kotyark Industries' Chairman Receives World Book of Records Certificate for Renewable Energy Contributions Mr. Gaurang Rameshchandra Shah, the Chairman cum Managing Director of Kotyark Industries Limited, received the prestigious Certificate of Excellence from the World Book of Records, London. The award recognizes his leadership and contributions to advancing the renewable energy sector.The ceremony took place on June 26, 2026, at the House of Commons in the Palace of Westminster, attended by eminent international guests and distinguished dignitaries. Mr. Shah was honored with the Certificate of Excellence for his impactful work across sustainable energy solutions.According to the accompanying citation, the recognition acknowledges...

Dr Reddy's Rallies Despite FDA Observations as Persistent Slips Amid Acquisition Buzz The corporate landscape saw diverse movements today, driven by regulatory outcomes and major strategic announcements. While Dr Reddy's gained ground following a US Food and Drug Administration inspection, persistent systems faced declines after unveiling its acquisition plan for Nagarro SE. Market participants are maintaining heightened scrutiny on these companies as the flow of M&A activity accelerates across sectors.Regulatory Nod Boosts Dr Reddy's Despite Form 483 Observations Dr Reddy's Laboratories shares climbed by 4 percent following the completion of a Pre-License Inspection (PLI) conducted by the US FDA at its biologics manufacturing...

BAG Films Completes Warrants Conversion as STMSL Allots Equity Shares in Preferential Deal B.A.G. Films and Media Limited has approved the allotment of equity shares resulting from the conversion of warrants by Skyline Tele Media Services Limited (STMSL). The transaction, which took place on June 27, 2026, involves the issuance of 1,02,00,000 fully paid-up Equity Shares to STMSL.The move follows previous transactions involving the convertible warrants issued by B.A.G. Films and Media Limited to STMSL. Initially, in March 2026, the company had allotted 2,00,00,000 fully convertible warrants to STMSL at an issue price of Rs. 8.25 per warrant. The upfront payment received at that time amounted to Rs. 4,12,50,000, representing 25% of the...

CreditAccess Grameen Raises INR 425 Crore Through Private Issue of Non-Convertible Debentures Bengaluru based rural financing platform CreditAccess Grameen Limited has successfully raised INR 425 crore in June 2026 through a private placement of non-convertible debentures (NCDs). The issuance comprised two distinct transactions, underscoring the company's commitment to building a diversified and cost efficient funding franchise.The financing was structured as a combination of a syndicated issue and a bilateral placement. The NCDs are described as senior, secured, rated, and redeemable.Transaction Details The first tranche involved INR 325 crore in NCDs, which were arranged by Nuvama Fixed Income Advisory. This issuance saw strong...

Persistent Systems Plunges Over 8% as Nagarro Acquisition Deal Faces Intense Scrutiny Persistent Systems shares experienced a significant downturn on June 29 after the technology firm announced plans to acquire German digital engineering company Nagarro SE in a substantial acquisition deal. The stock's fall came amidst sharply divergent views from brokerage houses regarding the valuation and execution of the planned transaction.Stock Tumbles as Midcap Leader Faces Setback The stock plummeted by as much as 8.2 percent, hitting Rs 4,445. This steep decline made Persistent Systems the top loser on the BSE Midcap index for the day. The movement extended the stock's overall one-year loss to 26.3 percent. This contrasts with the Nifty 50’s...

Strides Pharma Science Partners with Ascent Capital in Strategic Investment of Pivot Path Bangalore, India, June 27, 2026 — Strides Pharma Science Limited today announced a strategic investment by a consortium led by Ascent Capital, alongside coinvestor Vintage Classic, into its subsidiary, Pivot Path Private Limited. The transaction aims to unlock value and accelerate the growth trajectory of the specialized business unit.The deal values Pivot Path at approximately ₹2,300 million on a post-money basis. This investment enables Strides to realize around ₹1,000 million while retaining roughly 20% ownership stake in the company. Furthermore, the transaction includes a primary capital infusion of ₹500 million provided by the investors to...

Vegorama Punjabi Angithi Ltd Commences and Recommences Operations of Cloud Kitchen Outlets Vegorama Punjabi Angithi Limited, formerly known as Vegorama Punjabi Angithi Private Limited, announced updates regarding its operational milestones in the cloud kitchen space. The company confirmed the commencement of operations for a new outlet while also recommencing activities at an existing location. Both developments occurred on June 27, 2026.The operational expansions include the initiation of services from a brand new location in Noida and the resumption of business at its Dwarka outlet in New Delhi. These developments represent key steps in the company's ongoing growth strategy.A summary of the commencement and recommencement events...

Shri Bajrang Alliance Completes Tenure of Independent Director Rakesh Kumar Mehra Shri Bajrang Alliance Ltd has announced the completion of tenure for its Independent Director, Mr. Rakesh Kumar Mehra. The cessation follows his five consecutive years serving in this role at the company.The independent director's tenure concluded on June 28, 2026, and he ceased to hold the office effective from June 29, 2026.Mr. Rakesh Kumar Mehra (DIN: 09197046) completed his five consecutive years as an Independent Director of the company.Key details regarding the completion of tenure are provided below:DetailInformationDirector NameMr. Rakesh Kumar MehraDirector Identification Number (DIN)09197046Role StatusIndependent Director...

Olympic Cards Limited Reports Default on Term Loan with HDFC Bank Ltd OLYMPIC CARDS LIMITED has announced a default on a term loan provided by HDFC Bank Ltd. The company disclosed these details in relation to its overall financial indebtedness and outstanding borrowings as of recent reporting dates.The terms of the obligation concerned a term loan, which was reported non-performing following a default that occurred on 28-05-2026. The lender for this specific obligation is HDFC Bank Ltd.Details regarding the current default include:Principal default amount: Rs. 0.1260 Cr Interest default amount: Rs. 0.0257 Cr Total default amount: 0.1517 Cr (equivalent to Rs. 15,17,273/-)The overall details of the obligation stood at a total...

DEE Development Engineers Limited Shareholders Approve Preferential Issue of Securities at EGM DEE Development Engineers Limited successfully passed a Special Resolution pertaining to the Preferential Issue of Securities on a Private Placement basis during its Extraordinary General Meeting (EGM) held on June 27, 2026. The resolution was approved by the shareholders with the requisite majority.The EGM, which took place on Saturday, June 27, 2026, addressed several key matters, including the approval of the preferential issue, as detailed in the prior notice and corrigendum dated June 18, 2026.Meeting Summary and Attendance A total of 44,061 shareholders were on record as of the cut-off date, June 20, 2026. Out of these shareholders...

R Systems International Ltd increases paid-up share capital following RSU allotment under Incentive Plan R Systems International Limited has seen an increase in its issued and paid-up equity share capital following the allotment of shares based on the exercise of Restricted Stock Units (RSUs). The transaction was carried out as part of the company's Management Incentive Plan 2023.The Nomination, Remuneration and Compensation Committee of the Board of Directors approved the allotment through a resolution passed by circulation on June 27, 2026. The allotment involved the issue of 6,213 equity shares upon the exercise of 6,213 RSUs.This transaction resulted in an increase in the company’s capital structure, effective June 27, 2026. R...

Sensex and Nifty Rally: De-escalation of US-Iran Tensions Spurs Bullish Bounce on Global Risk Appetite Market Reversal After Early Declines Indian equity benchmarks, the Sensex and Nifty 50, recovered from early trading losses to maintain a cautious upward trend on June 29. The market activity reflected increasing focus on geopolitical stability following recent regional tensions.As of 09:53 am, the Sensex stood at 77,084.46, registering a marginal decline of 16.01 points or 0.02%. Concurrently, the Nifty was trading positively at 24,079.40, having advanced by 23.40 points or 0.1%.Market breadth indicated mixed activity, with 1513 shares advancing and 1920 shares declining. A relatively small number of 202 shares remained unchanged...

Momentum Stocks Surge Amid Quiet Buying Interest; Select Companies Break Key Technical Thresholds In a market segment lacking fresh fundamental triggers, several stocks are demonstrating powerful directional moves driven purely by technical strength and sustained buying momentum. On June 29, certain companies outperformed the broader indices, achieving significant price gains despite mixed sentiments across different segments of the equity market.Strong Momentum Stocks Drive Upward Trend Vikran Engineering led strong movers, gaining 8.35% to close at ₹76.28. The stock is currently trading above both its 30-day (₹70.40) and 50-day (₹71.22) simple moving averages. However, the position relative to longer term indicators remains...