Markets

Promoter Acquirer's Stake Increases in Sheshadri Industries Limited via Off-market Transaction Jeetender Kumar Agarwal, a promoter of Sheshadri Industries Limited, completed an acquisition of shares in the company through an off-market transaction, increasing his holding. The acquisition was finalized on June 25, 2026.The purchase involved the acquisition of 2,37,981 shares carrying voting rights by Mr. Agarwal. This transaction resulted in his shareholding moving from a pre-acquisition stake of 60.39% to a post-acquisition holding of 65.19%.Details regarding the ownership status and transactional movement are provided below:ParticularBefore AcquisitionAfter AcquisitionTotal Shares Held29,95,162 (representing 60.39%)32,33,143...

Harikanta Overseas Ltd Approves Consolidated and Standalone Results for FY2026 Harikanta Overseas Limited, a manufacturer of textile fabrics, has announced the audited Standalone and Consolidated Financial Results for the half year and financial year ended March 31, 2026. The company's Board of Directors reviewed and approved the results following the completion of the audit process by A H JAIN & CO., Chartered Accountants.The consolidated results show strong financial performance, with the company reporting a profit of ₹713.62 Lakhs for the year ended March 31, 2026.Key Financial Highlights (Consolidated Results) Financial statements provided by the management and audited by A H JAIN & CO. reveal the following key financial...

Master Components Limited Secures Purchase Order from Domestic Entity Worth INR 55,42,601.60 for Electrical Parts Master Components Limited has secured a purchase order valued at approximately INR 55,42,601.60 from an unnamed domestic company for the supply of electrical parts. The contract details indicate that the order is not related to any existing interest held by the company's promoter group.The agreement outlines key commercial terms and execution timelines for Master Components Limited. The goods are set to be executed by November 21, 2026, and the transaction includes a payment term of 45 days credit from the Date of Goods Received (GR).The order details confirm that the acquiring entity is a domestic company and the nature...

Konstelec Engineers Secures Work Order from PDIL for Fertilizer Plant Project in Assam Konstelec Engineers Limited has secured a significant contract from Projects & Development India Limited (PDIL) to execute critical work related to an Ammonia-urea fertilizer plant located at AVFCCL, NAMRUP, Assam. The company received the Notification of Award (NOA), confirming the contract, on June 25, 2026.The awarded work involves the construction power and re-routing of existing cables for the specified ammonia-urea facility. This contract is with a domestic entity, Projects & Development India Limited (PDIL).Konstelec Engineers Limited is contracted to complete this project within six months from the date of issuance of the Notification of...

Spouse of KMP Acquired 8,000 Shares in Shree Ganesh Elastoplast Ltd Open Market Pauravi Mihir Shah, spouse of Mr. Mihir R. Shah, a Whole Time Director and Key Managerial Personnel (KMP) of Shree Ganesh Elastoplast Ltd, acquired an additional 8,000 equity shares of the company on the open market. The purchase was completed on June 25, 2026.Mrs. Pauravi Mihir Shah purchased the 8,000 equity shares at a price of Rs. 18.11 per share, totaling a transaction value of Rs. 1,44,800/-. The acquisition was executed through an open market purchase process.This acquisition impacts the total holding and percentage of shares held by Mrs. Pauravi Mihir Shah in Shree Ganesh Elastoplast Ltd. Before the transaction, her holdings were reported at...

Golden Crest Education and Services Ltd Board Meeting Scheduled To Address Director Resignations And 43rd AGM Preparations Golden Crest Education and Services Ltd has scheduled a meeting of its Board of Directors to address several key corporate matters, including director appointments and preparatory steps for the company's 43rd Annual General Meeting (AGM). The board meeting is set to be held on Friday, July 03, 2026, at 12:00 Noon at the Registered Office of the Company.The agenda for the Board includes matters concerning appointments and the resignation of existing directors. A key item on the schedule is taking note of the resignations of Mr. Bela Garg from the post of Non-Executive Independent Director and Mr. Bhola Pandit from...

Amara Raja Energy and Mobility Announces Board Meeting Date and Trading Window Closure Amara Raja Energy & Mobility Ltd has announced key operational dates concerning its financial reporting process, including scheduling a board meeting to review quarterly results and defining the trading window for designated persons.The company stated that it has scheduled a meeting of its Board of Directors for Monday, August 10, 2026. The primary purpose of this meeting is to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter concluding on June 30, 2026.In parallel updates regarding market operations, Amara Raja Energy & Mobility informed stakeholders about the designated trading period closure...

Swaraj Engines Limited Announces Change in Internal Auditor The Board of Directors of Swaraj Engines Limited has approved changes to the company's internal audit function, effective from the close of business hours on June 30, 2026. The decision was taken following a meeting held by the Board on June 26, 2026, and upon the recommendation of the Audit Committee.The Board approved the cessation of Mr. K. N. Vaidyanathan as the Internal Auditor of Swaraj Engines Limited. This change comes as he concludes his term as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, Holding Company. The Board expressed sincere appreciation and heartfelt gratitude for the valuable contributions made by Mr. K. N. Vaidyanathan during his...

Bacil Pharma Limited’s Board Approves Rs 50 Crore Fund Raising Proposal The Board of Directors of Bacil Pharma Limited has approved a proposal to raise up to Rs 50 crores through various permissible modes, following a meeting held on June 26, 2026.During the deliberation, the Board considered and sanctioned the initiative to secure funds for the company up to the maximum amount of Rs 50 crores. The authorized fundraising methods include, but are not limited to, a Rights Issue, Preferential Issue, issuance of convertible securities or warrants, or any other suitable mode or combination thereof.The Company has also empowered its Managing Director, Chief Financial Officer, Company Secretary, and other designated officials. These...

Modern Insulators Invests Rs 25 Crores in Buoyant Large Value Fund for Portfolio Diversification Modern Insulators Ltd has committed a significant investment of Rs 25 Crores into the Buoyant Large Value Fund (LVF). The investment was approved by the company's Board of Directors, who determined that the move would efficiently deploy surplus funds and diversify Modern Insulators' investment portfolio.The LVF is an Alternate Investment Fund dedicated to listed equities. It focuses on large cap, mid cap, and small stocks, basing its investments on fund managers conviction. The fund has been noted for its past returns.According to the company, the investment strategy aims to generate appropriate risk adjusted returns while deploying...

Global Longlife Hospital and Research Ltd Approves Re-appointment of Mr. Manasvi Manu Thapar as Independent DirectorGlobal Longlife Hospital and Research Limited has approved the re-appointment of Mr. Manasvi Manu Thapar as an Independent Director. The shareholders considered and approved the re-appointment during the Annual General Meeting (AGM) held on Thursday, June 25, 2026, based on a recommendation from the Board of Directors.The AGM commenced at 11:00 A.M. and concluded at 11:08 A.M.Mr. Manasvi Manu Thapar will serve in his second term for five consecutive financial years. His tenure commences from September 10, 2026, extending until September 09, 2031.The company confirmed the details pertaining to the director's...

OpenAI Weighs 2027 IPO Delay to Secure $1 Trillion Valuation Target OpenAI, the leading AI powerhouse, is reportedly considering a significant delay in its planned public debut. Reports indicate that the company may hold off on going public until next year, potentially targeting a listing far into 2027. This strategic pause comes as OpenAI aims to protect and cement an ambitious $1 trillion valuation before taking the company public.The secretive AI startup has filed for a U.S. initial public offering (IPO). Multiple sources involved in the internal deliberations have been cited regarding this deliberation. The core of the decision involves whether to pursue a quicker listing with a reduced valuation or wait until 2027 while...

Dubai Dominates Global Greenfield FDI for Fifth Year; India Rises as Leading Investment Source Dubai has cemented its status as the preeminent global destination for greenfield foreign direct investment (FDI) projects, achieving this distinction for the fifth consecutive year. Data from the Financial Times Ltd’s fDi Markets database reveals that while Dubai maintained its leadership position, India stood out as a crucial source country driving this massive inflow of capital.In 2025 alone, the volume of announced greenfield FDI projects in Dubai reached 1,253. This represents a significant surge, reflecting a 10.5 per cent increase compared to the figures recorded in 2024. The emirate secured an historic record high share of 7 per cent...

Aztec Fluids & Machinery Schedules One to One Analyst Meeting with Steadfort Investments Aztec Fluids & Machinery Ltd has scheduled a one to one analyst meeting in response to a request received from Steadfort Investments regarding an interaction with the company management. The session is set for July 1, 2026.The company confirmed that it had arranged this engagement after receiving the request from Steadfort Investments.Details of the planned Analyst Investor Interaction are provided below:DateType of InteractionOrganizationVenueTime1st July, 2026One to One MeetSteadfort InvestmentsVirtually3:30 PMAztec Fluids & Machinery Ltd confirmed that no unpublished price sensitive information was shared or discussed during the...

PNB Boosts Profitability by Targeting Retail Surge and Accelerating CASA Deposits: MD Chandra Punjab National Bank (PNB) is strategically focusing on expanding its retail footprint, agricultural lending, and MSME advances to significantly boost growth and profitability. The bank's MD and CEO, Ashok Chandra, confirmed this focus while stating that the institution remains well-positioned for credit expansion within the dynamic banking sector. His statement, provided in the annual report, underscores a concerted effort to strengthen core business segments while committing to sustainable and ethical operations.Retail and MSME Lending Drives Significant Advance Growth PNB has demonstrated robust performance in its priority lending sectors...

ITC FMCG Spending Surges 8.8% Reaching ₹37,000 Crore as World-Class Brands Reach 28 Crore Households ITC's commitment to expanding its consumer franchise continues to yield strong results across its Food, Personal Care Products, and Stationery divisions. The company announced that consumer spending on its FMCG products climbed by a significant 8.8 per cent in the fiscal year 2026 (FY26). This increased spending has brought the total to nearly ₹37,000 crore, reflecting the brand's growing reach across 28 crore households.The company aims to be India's No 1 FMCG player, and this growth underscores its multi-faceted strategy. ITC’s portfolio, comprising over 30 brands including Aashirvaad, Sunfeast, Classmate, and Bingo!, generated the...

ICRA Reaffirms Ratings for Puravankara Ltd.'s Rs 3,000 Crores in Bank Facilities Puravankara Limited, formerly known as Puravankara Projects Limited, has received reaffirmation of its credit ratings from ICRA Limited regarding its bank facilities amounting to Rs 3,000 Crores. The rating action was confirmed by ICRA Limited in a communication dated June 26, 2025.ICRA reaffirmed the long-term rating at [ICRA] A-(Stable) and the short-term rating at [ICRA] A2+ for the facilities.The comprehensive ratings cover various instruments, including unallocated limits, term loans, and non-fund based facility commitments.Financial Rating Summary The total rated amount stood at Rs 3,000.00 Crores, covering both long-term and short-term...

Byju's Lenders Surge for Control: $30\%$ Stake in Aakash Secured as Legal Disputes Threaten End Sources indicate that global lenders associated with Byju’s are negotiating a pivotal settlement deal involving a controlling stake in one of its key educational assets. This agreement would require the lenders to acquire roughly a $30\%$ stake in Aakash Educational Services, effectively bringing the protracted dispute to an end. The lenders' commitment to take this significant equity share is contingent upon them dropping all previous legal actions against Byju’s founder, Raveendran.Terms of the High-Stakes Settlement The settlement talks involve multiple parties including Raveendran, Glas Trust (the lender representative), Aakash, and...

US Trade Deficit Explodes as Exports Decline Amid Shifting Global Energy Flows The United States has seen a significant widening of its merchandise trade deficit in May, reaching $105.8 billion. This figure represents a sharp 27.4% increase from the previous month, reflecting simultaneous declines in exports and rises in imports, according to Commerce Department data released on Friday. The sheer scale of the shortfall highlights evolving dynamics within American goods trade.Drivers Behind the Expanding Trade Shortfall The core deficit grew significantly as US exports recorded a 5.4% decline. This decrease was seen across several key categories, including outbound shipments classified under industrial supplies, which encompasses...

TCI Express Ltd Schedules Board Meeting to Approve Q1 Financial Results; Imposes Trading Window Closure TCI Express Limited has scheduled its next Board of Directors meeting to review and approve the Un-audited Financial Results for the first quarter of the fiscal year 2026-27.The meeting is set for Thursday, August 06, 2026, where the company will consider and approve the Un-audited Financial Results in both Standalone and Consolidated formats for the period ending on June 30, 2026.In adherence to corporate trading conduct standards, TCI Express has also announced the closure of its trading window. The restriction on dealing in the company's Equity Shares will take effect from Wednesday, July 01, 2026.The trading window will...