Markets

Eastern Silk Industries Appoints New CFO and Approves Internal Auditor for 2026-27 The Board of Directors of Eastern Silk Industries Ltd has appointed a Chief Financial Officer (CFO) and approved an Internal Auditor, ensuring robust financial governance and oversight. The company also designated key managerial personnel responsible for determining the materiality of events and information.Mr. Aayush Goel has been appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 01, 2026. Mr. Goel is a qualified Chartered Accountant with extensive experience in Finance and Account. His expertise includes designing and implementing internal financial systems, strengthening process controls, and driving...

Tech Giant Persistent Seals Mega Deal Amid Global Sector Shifts Corporate Strategy and Major Mergers & Acquisitions Persistent Systems, through Galaxy Germany Holding SE (BidCo), has approved the acquisition of a 100 percent stake in Nagarro SE. The transaction is being pursued via a Business Combination Agreement (BCA) with Lantano Beteiligungen GmbH, targeting the company's existing 21 percent shareholding at EUR 81 per share. This strategic move is complemented by a six-and-a-half-year service agreement worth over $650 million signed with a US based global technology leader.Torrent Power has significantly expanded its holdings by acquiring Nabha Power from L&T Power Development for Rs 3,632.35 crore. With the completion of this...

Pricol Limited Approves Strategic Demerger, creating Automotive Technology Entity and Precision Engineering Platform Coimbatore, June 27, 2026: The Board of Directors of Pricol Limited has approved a scheme of arrangement for the demerger of its Driver Information & Connected Vehicle Solutions (DICVS) business into a new entity, Pricol Autotech Limited. This strategic move is set to create two focused and agile business platforms: one dedicated to automotive technology and another concentrating on automotive and industrial precision engineering.The approved Scheme aims to simplify the group's corporate structure, allowing each resulting company to sharpen its strategic focus and respond more effectively to dynamic market realities and...

Kotak Mahindra Bank Announce That CEO Ashok Vaswani Will Not Seek ReappointmentKotak Mahindra Bank Limited has announced that Mr. Ashok Vaswani, the bank's Managing Director and CEO, will not seek re-appointment upon completion of his current term. This decision was made for personal reasons.The Bank's Board confirmed the situation following a meeting held on June 27, 2026. The Board respected Mr. Vaswani's decision regarding his future tenure with the organization.Following this development, the Board has initiated the process to appoint a new Managing Director and CEO for the institution. The bank stated that the appointment process is underway and will be completed within applicable regulatory timelines.KOTAKBANK Stock Price...

Madras Fertilizers Resumes Plant Operations Following Rectification of Equipment FailureMadras Fertilizers Limited has resumed its plant operations, marking the commencement of production for Ammonia and Urea. The company confirmed the resumption on June 27, 2026, following the successful rectification of equipment failure and the completion of a statutory inspection of its main boilers.The operational status change signals that Madras Fertilizers is fully back in service with both key products.The plant’s operations were successfully resumed after meeting all necessary compliance requirements related to equipment readiness and inspections.MADRASFERT Stock Price Movement Madras Fertilizers Limited shares slipped by 2.23% to...

Vivid Electromech Limited Achieves Strong Growth Amid Market Trends; Acquires Mechtech Infrasolutions Vivid Electromech Limited, a leading manufacturer of electrical and automation solutions, has reported robust financial growth and operational expansion. The company has also strategically acquired Mechtech Infrasolutions to enhance its capabilities in industrial automation and Siemens LV Drive Solutions.The manufacturing firm specializes in Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and provides comprehensive control and automation systems. With over 30 years of incorporation, Vivid Electromech maintains two integrated manufacturing facilities across Navi Mumbai and Pune, serving industries such as Data Centres...

Best Agrolife Limited Board Approves Forfeiture of Convertible Warrants Worth ₹37.5 Crore Best Agrolife Limited's Board of Directors approved the forfeiture of a significant subscription amount related to lapsed convertible warrants, following the failure of warrant holders to exercise their conversion rights within the prescribed period. The decision was made during a board meeting held on June 27, 2026.The Board took note of the lapse of 23,43,750 convertible warrants that had been allotted on December 27, 2024. These warrants expired after 18 months as warrant holders did not exercise their conversion options within the set period, which concluded on June 26, 2026.In line with the terms and conditions of the warrants' issuance...

APL Apollo Tubes Approves Disinvestment of Entire Stake in Real Estate Subsidiary The Board of Directors of APL Apollo Tubes Limited has approved the proposal for the disinvestment of its entire shareholding in Blue Ocean Projects Private Limited (BOPPL), a wholly owned subsidiary engaged in holding real estate assets. The subsidiary will be sold to SG Realtor Private Limited, identified as a related party, for an aggregate consideration of ₹160 crore.The transaction, which was reviewed and approved by the company’s Audit Committee, outlines the sale of the company's stake in BOPPL to the proposed buyer, SG Realtor Private Limited.Key details regarding the Proposed Transaction include:Transaction Status: The disinvestment of the...

Bata India Recommends Dividend of Rs 9 Per Share for FY2025-26; Details on TDS Implications Announced Bata India Limited has announced a dividend recommendation following its Board meeting held on May 27, 2026. The company recommended a dividend of Rs 9/- per Equity Share of Rs 5/- each (representing 180%) for the financial year ended March 31, 2026.The payment of this dividend is contingent upon approval at the ensuing Annual General Meeting scheduled for August 12, 2026. The record date for the dividend payment has been set as Friday, July 31, 2026.In accordance with the provisions of the Income-tax Act, 2025, the dividend declared by Bata India Limited is taxable in the hands of shareholders, and the Company is required to deduct...

NCLT Orders Directions for Scheme of Arrangement Between Digjam Limited and Reid & Taylor International Private Limited The National Company Law Tribunal (NCLT) granted directions regarding a proposed Scheme of Arrangement between Reid & Taylor International Private Limited and Digjam Limited, stating that the application filed under Section 230-232 of the Companies Act, 2013 was allowed. The order, pronounced by the NCLT Chennai Bench on June 19, 2026, pertains to the consolidation and reorganization of businesses within the textile sector.The Tribunal's orders included admitting the joint application and issuing directions for convening necessary meetings and completing statutory formalities related to the Scheme. The directions...

Strides Pharma Science Approves Strategic Investment in Pivot Path, Selling Majority Stake Strides Pharma Science Limited has approved a strategic transaction involving the sale of a majority stake in its subsidiary, Pivot Path Private Limited. The deal brings in Ascent Capital and Vintage Classic as investors, while Ascent Capital also provides primary infusion capital into Pivot Path to fuel its expansion.The Board of Directors of Strides Pharma Science Limited approved the strategic investment during a meeting held on June 27, 2026. Upon completion of the transaction, Pivot Path will be reclassified as an Associate Company.Transaction Details and Investment Overview The proposed transaction comprises two main elements: the sale...

We Win Limited Reports No Interest or Principal Obligations on Non-Convertible Securities for the Quarter WE WIN LIMITED has announced that there are no interest, dividend, or principal obligations payable under any non-convertible securities for the current quarter.The company provided the update as of June 27, 2026. This clarification addresses the status of its obligations concerning these specific types of securities during the relevant period.WEWIN Stock Price Movement Shares of WE WIN LIMITED slipped by 1.48% on Thursday, settling at ₹48.5 after shedding ₹0.73 from the previous close. The stock saw a limited trading activity, recording a total traded volume of 4,357 shares.

LCC Infotech Limited Shifts Registered Office from West Bengal to Gujarat LCC Infotech Limited has approved the relocation of its registered office, successfully moving operations from the State of West Bengal to the State of Gujarat. The move was formalized following internal and regulatory clearances, with the company confirming the shift during a Board meeting held on June 27, 2026.The decision to shift the registered office followed shareholder approval given on February 2, 2026. This internal approval was combined with receiving an order from the Regional Director, Eastern Region on May 29, 2026.In addition to the Board's approval, the company has established its new principal base in Ahmedabad. The updated registered office...

IIFL Finance Approves Multi-Crore Fundraising Plans and Announces CFO Transition IIFL Finance Limited has announced several significant decisions following its Board meeting on June 27, 2026, including enabling resolutions for substantial capital raising, upsizing of global debt instruments, and key changes in the finance leadership.The Board approved comprehensive steps to bolster the company's financial structure, covering equity fundraising potential, international borrowing capacity, and internal lending limits.Key financial mandates approved by the Board include:Equity Raising Capacity: An enabling resolution was passed for raising funds through various means, including public issue(s), rights issue, private placement(s), or...

Patel Integrated Logistics Increases Buyback Price, Reduces Shares in Equity Tender OfferPatel Integrated Logistics Limited has updated the details of its ongoing buyback of equity shares, revising both the purchase price and the maximum number of shares slated for repurchase. The changes follow a review by the company’s Buyback Committee, which approved the amendments on June 27, 2026.The original plan, communicated previously, involved the company buying back up to 60 lakh fully paid-up equity shares at a price of ₹18 per Equity Share, for a maximum aggregate value not exceeding ₹10,80,00,000.In light of the review, the Buyback Committee approved two key modifications to the scheme:Price Increase: The buyback price has been...

Essen Speciality Films Approves Migration of Equity Shares to NSE Main Board Essen Speciality Films Limited announced that its Board of Directors considered and approved the migration of the company's equity shares from the Emerge Platform of the National Stock Exchange of India Limited (NSE) to the Main Board of the NSE.The decision was made during a board meeting held at the company's Registered Office on Saturday, June 27, 2026. The meeting commenced at 10:30 am and concluded at 11:15 am.During the meeting, the Board reviewed and sanctioned the move of the equity shares to the Main Board in terms of Chapter IX of SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2018. The migration is subject to subsequent approvals...

CARE Ratings Reaffirms Credit Rating for KEI Industries Limited on Bank Facilities and Commercial Paper CARE Ratings Limited has reaffirmed the credit ratings for KEI Industries Limited concerning its banking facilities and commercial paper, noting the company's operational and financial performance. The ratings highlight the strong safety profile associated with KEI’s instruments.According to CARE Ratings, the Long Term Bank Facilities of KEI Industries Limited have been rated CARE AA+ with a Stable outlook. This rating signifies that these instruments carry very low credit risk and are considered to have a high degree of safety regarding the timely servicing of financial obligations.For its Short Term Bank Facilities/Commercial...

Safe Enterprises Retail Fixtures Limited Marks One Year Anniversary Since IPO Listing, Focuses on Retail SolutionsMumbai: Safe Enterprises Retail Fixtures Limited celebrated a significant milestone, marking one year since its Initial Public Offering (IPO) and subsequent listing. The anniversary highlights the company's growth journey and strengthened presence within India's growing retail infrastructure sector.The successful listing was identified as a critical step in the evolution of Safe Enterprises, enabling the company to enhance its capabilities across various facets of the industry. Over the past year, the firm has concentrated on maintaining operational efficiency, executing high standards of quality, and bolstering its...

Aspect Global Ventures Launches Open Offer for Duke Offshore Ltd Shares at ₹30 Per Share Aspect Global Ventures Private Limited has initiated a mandatory open offer to acquire equity shares of Duke Offshore Limited (Target Company). The offer aims to secure up to 26% of the voting share capital of the Target Company.The Acquirer is seeking to purchase up to 25,62,872 fully paid-up equity shares of Duke Offshore Ltd for cash at an Offer Price of ₹30 per Equity Share. The total consideration aggregated under this Open Offer stands at ₹7,68,86,160/-.The open offer follows a scheduled acquisition process initiated by the Acquirer through a Share Purchase Agreement (SPA) executed on June 11, 2026, with George Albert Donald Duke, Avik...

Karur Vysya Bank Schedules Board Meeting to Approve Unaudited Financial Results for Quarter Ending June 30, 2026 Karur Vysya Bank Ltd has announced that a meeting of its Board of Directors will be held to consider and approve the Unaudited Financial Results of the bank. The results cover the quarter ending June 30, 2026.The Board meeting is scheduled for Monday, July 20, 2026.This meeting is set to address the review and approval of the Unaudited Financial Results pertaining to the bank's performance up to the end of June 2026.KARURVYSYA Stock Price Movement Shares of Karur Vysya Bank Limited shed ground on Thursday, with the stock closing at ₹290.50 after dipping 1.68% from the previous close. Trading activity saw a volume of...