Markets

Sammaan Capital Completes Interest Payments on Secured Non-Convertible Debentures Sammaan Capital Ltd has completed the payment of interest regarding its Secured Redeemable Non-convertible Debentures issued through a Public Issue and listed on stock exchanges. The company confirmed that it paid the entire required interest amount for these debentures.The details of the payments across various series are provided below:Sr. NoISINIssue Size (in INR lacs)FrequencyDue Date for Interest PaymentActual Date for Interest PaymentAmount of Interest Paid (in INR lacs)1.INE148I07SJ25Monthly26/06/202624/06/20260.038302.INE148I07SI4939.77Monthly26/06/202624/06/20267.566883.INE148I07SO2368.8Monthly26/06/202624/06/20262.89735...

Qualitek Labs Subsidiary Secures Multiple Work Orders from IOCL for Lab Operations and Testing Services Qualitek Labs Limited's wholly owned subsidiary, Interstellar Testing Centre Private Limited, has been awarded two significant work orders by Indian Oil Corporation Limited (IOCL). These contracts pertain to various aspects of laboratory operations and specialized testing services.The two contracted projects secured with IOCL include a management contract for a 2G Ethanol Quality Control (QC) Laboratory and another mandate covering the testing of Water/Wastewater, Ethanol, and Process Chemicals. Both contracts are valued in the crores range and have fixed timelines stretching over two years.Totaling both mandates, Interstellar...

Espire Hospitality Reports Record Revenue in FY 2026; EBITDA Reaches ₹3,190 Lakhs Espire Hospitality Limited has announced outstanding financial results for the financial year ending March 31, 2026 (FY 2026), reporting its highest-ever revenue of ₹14,106 Lakhs. The hospitality company also registered a record EBITDA of ₹3,190 Lakhs for FY 2026 and delivered strong growth in the fourth quarter of the fiscal year.The results reflect robust operational excellence across the company's portfolio, driven by sustained demand in leisure, spiritual, and business travel segments.Key Financial Highlights for FY 2026 Espire Hospitality recorded significant growth metrics during FY 2026, underscoring the strength of its business model and...

ICICI Lombard General Insurance Confirms GST Demand After Tax Appeal Order ICICI Lombard General Insurance Company Limited has received an order from the Additional Commissioner, State Tax (Appeal), Large Taxpayers Unit regarding a long-pending Goods and Services Tax (GST) demand. The order confirms the full amount of the original demand, interest, and penalty related to tax matters spanning April 2019 to March 2020.The Company confirmed that the order, received on June 24, 2026, finalized the GST demand initiated by the Office of the Special Commissioner, Large Taxpayers' Unit. The original matter concerned a GST demand related to the computation of input tax credit eligible to the company.The order specifically confirms the...

Davin Sons Retail Reports Audited Financial Results for Half Year and Full Year Ended March 31, 2026 Davin Sons Retail Ltd has announced its audited standalone financial results for the half year and full year ended March 31, 2026. The company's statutory auditor confirmed that the financial statements present a true and fair view in accordance with applicable accounting standards.The comprehensive results, which include performance analysis, balance sheet details, and segment-wise data, have been reviewed and approved by the Board of Directors.Financial Performance Highlights The P&L statement reveals key operational figures for Davin Sons Retail Ltd across the reporting periods. Total revenue stood at 1,359.12 lakh in the full...

Velox Shipping Acquires 57% Stake in Seaman for Strategic Market Expansion Velox Shipping and Logistics Limited (formerly Velox Industries Limited) has initiated a strategic investment by acquiring a significant stake in Seaman Logistics Solutions Private Limited. The move aims to expand operational capacity within the existing market and strengthen Velox’s overall market position, according to company statements.The acquisition involves purchasing 57% of the equity value of Seaman through a cash transaction for INR 11 Crore.Seaman Logistics Solutions Private Limited operates in the logistics industry, providing services such as freight contracting, shipping agency services, and other related freight and logistics activities. The...

Lupin Receives Tentative U.S. FDA Approval for Enzalutamide Tablets Global pharmaceutical major Lupin Limited (Lupin) has announced that it has received tentative approval from the United States Food and Drug Administration (U.S. FDA) regarding its Abbreviated New Drug Application for Enzalutamide Tablets. The tablets are available in strengths of 40 mg, 80 mg, 120 mg, and 160 mg.The U.S. FDA's tentative approval specifically covers Lupin's Enzalutamide Tablets at 40 mg and 80 mg as being bioequivalent to the reference listed drug (RLD) Xtandi® Tablets, manufactured by Astellas for the indicated use.In addition to matching the traditional strengths of Xtandi Tablets—40 mg and 80 mg—Lupin’s tentatively approved product will offer...

Aurobindo Pharma Limited Acquires 26% Stake in Swarnaakshu Solar Power for Captive Energy Consumption Aurobindo Pharma Limited has completed a significant investment and operational agreement with Swarnaakshu Solar Power Private Limited (Swarnaakshu), securing a stake in the solar power firm to ensure captive energy supply.The company confirmed that it has acquired 26% of the paid up equity share capital of Swarnaakshu. This acquisition is part of an overall commitment of up to Rs. 10.40 crores intended for acquiring the stated percentage and associated securities in the solar power entity.In a key step toward sustainable operations, Aurobindo Pharma Limited signed a power purchase agreement (PPA) with Swarnaakshu. This PPA...

Libord Finance Ltd Accepts Resignation of Company Secretary and Compliance Officer Libord Finance Ltd has accepted the resignation of Ms. Mohini Devanand Bhavsar from her role as Company Secretary and Compliance Officer. The Board of Directors formally accepted the resignation, which is effective from the close of business hours on June 25, 2026.Ms. Bhavsar tendered her resignation due to personal reasons.The key details regarding the transition are as follows:DetailInformationRole Resigned FromCompany Secretary and Compliance OfficerNameMs. Mohini Devanand BhavsarDate of CessationJune 25, 2026Reason for ChangePersonal reasonsThe Board meeting confirmed the acceptance of the resignation, marking the cessation of...

Austere Systems Incorporates Subsidiary Austere Next Private Limited in Software Sector Austere Systems Ltd, formerly known as Austere Systems Private Limited, has established a new subsidiary company focused on specialized software services. The incorporation of this entity is set to bolster the company's presence in the technology domain.The newly incorporated subsidiary is named Austere Next Private Limited and was officially registered in India on June 25, 2026. This move indicates a strategic expansion into various segments of the tech industry.Austere Systems has taken a controlling stake in the new entity. The company holds a 51% shareholding in Austere Next Private Limited, establishing it as a subsidiary and a related party...

Aether Industries Limited Commences Commercial Operations at Manufacturing Site 5 Aether Industries Limited has announced the commencement of commercial operations at its new manufacturing facility, marking a significant milestone in the company's expansion efforts.The operational launch took place on June 26, 2026. The commencement applies to the two blocks of the first phase at the Manufacturing Site 5, which is located at Plot No. 14+15, GIDC Panoli.The new manufacturing site has been designated as a key contributor toward achieving the company's long-term goals. Aether Industries Limited anticipates that this facility will support its extended production capacities and contribute significantly to revenue growth in the coming...

Brookfield India REIT releases Business Responsibility and Sustainability Report for FY 2025-26 Brookfield India Real Estate Trust (Brookfield India REIT) has published its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report details the REIT's operational performance, ESG commitments, and commitment to sustainable development across its portfolio.The BRSR outlines the entity’s dedication to enhancing environmental and social impact while maintaining robust governance standards. The reporting process received limited assurance from TÜV SÜD South Asia Pvt Ltd., covering selected core attributes of the report.Operational Scope and Business Activities Brookfield India REIT...

Amazon Doubles Down on India Growth with Massive Investment as AI Promises Job Transformation Amazon is aggressively ramping up its footprint in the Indian market, pledging a significant commitment that underscores the rapid growth of digital commerce and advanced technology adoption. Amid ongoing success in quick commerce, CEO Andy Jassy detailed plans for substantial investment in cloud infrastructure and proprietary AI development.Jassy highlighted the accelerated pace of the company's operations in India during his recent visit to the country. He stated Amazon's marketplace business continues to experience a very rapid rate of growth. Furthermore, he confirmed that the quick commerce sector has been experiencing immense momentum...

TANFAC Industries Completes Qualified Institutions Placement, Boosting Capital by ₹24.99 Crore TANFAC Industries Ltd. has successfully completed a qualified institutions placement (QIP) of equity shares, significantly increasing its paid-up capital. The transaction concluded on June 25, 2026, following an offering period that began on June 23, 2026.The Fund-Raising Committee approved the allotment of 1,25,8918 Equity Shares to qualified institutional buyers. These shares were issued at an issue price of ₹ 1985.83 per Equity Share. The pricing structure included a premium of ₹ 1980.83 per Equity Share and factored in a discount of ₹ 104.51, which represented 5% of the floor price.The placement aggregated approximately ₹ 24,999.97...

Promoter Acquires Shares in NINtec Systems Ltd, Increasing Stake to 18.40% NINtec Systems Ltd has seen an increase in its promoter holding following the acquisition of equity shares. The transaction was executed through the open market during June 2026.The acquisition pertains to Niraj Chhaganraj Gemawat, who is part of the Promoter group of NINtec Systems Limited.According to the relevant records, the company acquired 5,500 shares carrying voting rights in the Open Market. The transaction took place on June 24th and 25th, 2026.This acquisition resulted in an increase in the promoter's stake. Before the acquisition, Niraj Chhaganraj Gemawat held 3,413,366 shares carrying voting rights, which constituted 18.38% of the total...

Qualitek Labs Achieves NABCB Accreditation for Inspection Services under ISO/IEC 17020:2012 Qualitek Labs Limited, a leading provider of testing, inspection, certification, and quality assurance services, announced that it has been granted accreditation by the National Accreditation Board for Certification Bodies (NABCB) under ISO/IEC 17020:2012. The accreditation is specifically for Inspection Services as a Type 'A' Inspection Body.The achievement underscores Qualitek Labs Limited’s technical competence and impartiality. NABCB, which is a constituent board of the Quality Council of India (QCI), recognized this certification as proof of the company’s capability to perform inspection services according to globally accepted...

Larsen & Toubro subsidiary incorporates LTA Data Centres Private Limited Larsen & Toubro's wholly-owned subsidiary, Vyoma.AI Limited, has established a new entity dedicated to data centers and related technology services. The company incorporated LTA Data Centres Private Limited (LTADCPL) on June 20, 2026.This incorporation extends Larsen & Toubro’s operational footprint into the specialized sector of data center infrastructure. LTADCPL is designed for the purpose of establishing data centers and providing related technology-enabled services.The new subsidiary was subscribed entirely by Vyoma.AI Limited along with its nominee shareholder, reflecting a 100% ownership structure. The entity has yet to commence business operations.Key...

Sayaji Hotels Director Resigns: Mrs. Suchitra Dhanani Steps Down from Board Position Sayaji Hotels (Indore) Ltd has announced the resignation of Mrs. Suchitra Dhanani from her role as a Non-Executive Non-Independent Director. The resignation was formalized on June 25, 2026, and has been accepted by the company.Mrs. Suchitra Dhanani tendered her resignation in writing due to other occupation commitments. Her cessation from the directorship is effective immediately upon the closure of business hours on June 25, 2026.The change details pertaining to Mrs. Suchitra Dhanani are summarized below:DetailInformationDirector NameMrs. Suchitra DhananiDIN00712187Resigned RoleNon-Executive Non-Independent DirectorEffective Date of...

Sandhar Technologies Ltd. Reports Resignation of Senior Management Personnel Sandhar Technologies Ltd has confirmed the resignation of Shri Rashmi Mohan Shrivastva, who holds the position of Deputy Chief Operating Officer (Cabins & Fabrication Division) and is classified as a Senior Management Personnel (SMP) of the company.The Company accepted the resignation, which was tendered by Mr. Shrivastva due to personal reasons. As per the notification, Shri Mohan Shrivastva officially ceased holding the position of Senior Management Personnel with effect from the close of business hours on June 25, 2026.Although his tenure as SMP concluded on that date, the company agreed to continue his employment during a notice period. Mr. Shrivastva's...

Rishabh Instruments’ Subsidiary, Lumel SA, Receives Forbes Diamonds 2026 Award for Second Consecutive Year Rishabh Instruments Limited's (RIL) wholly owned subsidiary, Lumel SA, has been honored with the prestigious Forbes Diamonds 2026 Award. The recognition marks the second consecutive year the company has received this distinguished award in Poland.Lumel SA was recognized in the medium category of companies within the Lubuskie region. This achievement highlights the financial strength, operational excellence, and sustained growth demonstrated by the company over the past three years.The Forbes Diamonds Award acknowledges businesses that exhibit exceptional growth and effective management practices. The specific recognition falls...