Markets

IRB InvIT Fund Announces 9th Annual Meeting and Appoints Valuer for 2026-27 IRB InvIT Fund has announced two key corporate decisions following the Board of Directors consideration, including convening its upcoming annual meeting and appointing a Registered Valuer for the trust and its associated Project SPVs.The Trust will hold its 9th Annual Meeting of Unitholders on Thursday, July 23, 2026. The meeting is scheduled to be conducted through Video Conferencing (VC) or OAVM.In addition to the meeting details, IRB InvIT Fund has appointed KPMG Valuation Services LLP as the Registered Valuer. This appointment covers both the Trust and its Project SPVs for the financial year 2026-27. The selection of KPMG is subject to the approval of...

Hindustan Adhesives Reports Q1 and Full Year Financial Results for FY26; Shows Revenue Growth in Standalone and Consolidated Entities Hindustan Adhesives Limited has released its audited financial results for the quarter and full year ended March 31, 2026. The company reported key figures across both its standalone entity and consolidated group, highlighting operational activities and asset strength.The Board of Directors reviewed the outcomes of both the standalone and consolidated financial statements during their meeting held on June 25, 2026. Independent auditors, Salarpuria & Partners Chartered Accountants, provided an unqualified opinion on the standalone results. The company also issued a declaration confirming that the...

NIBE Ltd Announces Resignation of Chief Executive Officer Nibe Limited has announced the resignation of Mr. Prakash Hari Khose from the post of Chief Executive Officer (CEO) and Key Managerial Personnel. The transition is effective from the close of business hours on June 25, 2026.Mr. Khose tendered his resignation due to personal reasons, stating that he was unable to continue in his current role. In his letter, he expressed gratitude for the guidance and support provided by the Board of Directors and senior management during his tenure with the company.The particulars regarding the change in key managerial personnel have been disclosed:ParticularsDetailsExecutive ResignedMr. Prakash Hari KhoseRoleChief Executive Officer...

Bharat Seats Limited Receives Penalty Orders from Income Tax Department Across Multiple Assessment Years Bharat Seats Limited has received four penalty orders from the Income Tax Department, pertaining to compliance under the Income Tax Act, 1961. The penalties cover various assessment years spanning 2019-20 through 2024-25.The company received the orders on June 24, 2026, concerning penalties issued by the Office of the Deputy Commissioner of Income Tax in Delhi for alleged contraventions related to section 271 DA read with section 269ST of the Income Tax Act, 1961.The total penalty amounted to Rs. 271.48 lakhs across all four assessment years. Management has confirmed that the company is filing appeals against these orders for...

Rose Merc Limited Acquires 30.01% Stake in Virtual Gain Technologies, Reinforcing Fintech Expansion Mumbai, June 25, 2026: Rose Merc Limited has successfully completed the acquisition of a 30.01% equity stake in Virtual Gain Technologies Private Limited, making the fintech company a subsidiary of Rose Merc. This strategic transaction marks a significant step for Rose Merc as it expands its footprint within India's growing digital financial services ecosystem.Virtual Gain Technologies operates through its flagship brand Pezon, which provides technology-driven payment solutions and digital services to businesses across India. As an FIU-approved Technical Service Provider (TSP), Pezon focuses on delivering secure and scalable payment...

Aureate Tradde Ltd. Approves Half-Yearly and Full-Year Financial Results for FY2026 Aureate Tradde Limited has announced the approval of its audited standalone financial results for the half year ended and full year ended March 31, 2026. The Board of Directors approved these results during a meeting held on June 25, 2026, along with the report from the Statutory Auditors.The company's financial statements provide comprehensive details across profit and loss, assets and liabilities, and cash flow activities for the periods ending March 31, 2026, and March 31, 2025.Financial Performance Highlights (Amounts in Lakhs) The results show trends in revenue and expenses over the past reporting periods. The key figures from the Statement of...

India's First 250 MT Electric Crane Deployed at Hindustan Zinc Smelter Debari Hindustan Zinc Limited, a leading integrated zinc producer and one of the top ten global silver producers, has marked a significant step toward industrial decarbonization by deploying India's first 250 Metric Tonne capacity electric crane at its Zinc Smelter in Debari, Rajasthan. This hybrid lifting machine, capable of operating on both diesel and electric power, reinforces the company's commitment to integrating clean technologies into core mining operations.The deployment is part of a broader green roadmap that includes several advancements in sustainable mobility across Hindustan Zinc’s operations. Over the past three years, the company has rolled out...

Prabhhans Industries Ltd Affirms No Material Disclosure Required Amid Stock Movement Prabhhans Industries Ltd has stated that there is no material information or announcement pending that requires mandatory disclosure to stock exchanges regarding its securities. The company confirmed its ongoing commitment to providing timely and appropriate disclosures in line with corporate governance standards.In a statement clarifying market activity, the company asserted that the movement observed in the price and volume of its securities appears purely market-driven. Prabhhans Industries Ltd emphasized that the trading action is not linked to any unpublished price sensitive information.The company reiterated its commitment to fair and...

Standard Surfactants Ltd Approves Q4 Results and Unmodified Audit Opinion Standard Surfactants Ltd's Board of Directors has approved the Audited Financial Results for the Fourth Quarter (Q4) and the full year ending March 31, 2026. The company also received and reviewed the Auditor's Report pertaining to these financial results.The Statutory Auditors confirmed that they issued an unmodified opinion on the company's financial statements covering the fourth quarter and the financial year concluded on March 31, 2026.Following the declaration of these results, Standard Surfactants Ltd confirmed that the trading window for dealing in the company’s securities will open after a period of 48 hours.Stock Price Movement Standard Surfactants...

SEPC Ltd Announces Resignation of Independent Director Dr. Ashutosh Karnatak SEPC Limited has confirmed the resignation of Dr. Ashutosh Karnatak from his position as an Additional Director in the capacity of Non-Executive, Independent Director. The cessation occurred with effect from June 24, 2026.The company released details regarding this change following the director's departure. Dr. Ashutosh Karnatak tendered his resignation citing personal reasons and other professional commitments.As per the detailed information provided, the resignation of Dr. Karnatak is due to these stated reasons. He confirmed that there are no material reasons for his resignation beyond those mentioned in his letter.During his tenure, Dr. Karnatak held...

Government Offers 5-Year Grace Period as India Eases QCO Norms for Manufacturers Relying on Imports The government has introduced a vital transition framework designed to provide significant relief to manufacturers across several key sectors, including air conditioners (ACs), toys, PPE, and select electrical appliances. This measure eases the stringent compliance requirements of existing Quality Control Orders (QCOs) by offering an alternative pathway for these businesses.The scheme, officially notified on Thursday, is a temporary arrangement intended to bridge the gap between current manufacturing practices and full QCO compliance. It will remain in force for five years, ensuring that quality regulations do not unduly disrupt active...

Olatech Solutions Announces Chief Executive Officer Resignation Olatech Solutions Ltd has announced the resignation of its Chief Executive Officer, Mr. Navneet Kakkar. The change is effective as of June 25, 2026.Mr. Kakkar tendered his resignation from the post of Chief Executive Officer (Key Managerial Personnel) and all other designated positions held at the Company. His decision to step down is attributed to pursuing career opportunities outside Olatech Solutions Ltd, alongside certain personal commitments that do not permit him to dedicate the necessary time and attention to the role.The details surrounding the executive transition are provided below:ParticularsDetailsCEO ResigningMr. Navneet KakkarDate of...

Garlon Polyfab Industries Ltd Schedules Board Meeting to Approve FY26 Financial ResultsGarlon Polyfab Industries Ltd has announced that its Board of Directors meeting has been scheduled for May 30, 2026. The board meeting is slated to be held at the registered office and is intended to consider and approve the Audited Financial Results of the Company for the quarter and Financial Year ended March 31, 2026.The company's management confirmed that the meeting will include discussions on all other relevant business items, if any.In addition to the board deliberation, Garlon Polyfab Industries maintained strict adherence regarding internal trading restrictions. The designated trading window for dealing in the Company’s shares by...

Sterling Bank of Asia Selects Infosys Finacle Software-as-a-Service for NextGen Transformation Infosys Finacle, a component of EdgeVerve Systems and a subsidiary of Infosys, has been selected by Sterling Bank of Asia to power its next generation transformation program. The partnership focuses on leveraging the Infosys Finacle Software-as-a-Service (SaaS) platform across several banking domains, aiming to enhance customer and employee experiences while reducing operational complexity through automation and digitization.Sterling Bank of Asia is a progressive institution in the Philippines that announced the decision on June 25, 2026. The bank plans to utilize Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and...

Tata Motors Confirms Status of Partnership Discussions with Stellantis Following Media Report Tata Motors Passenger Vehicles Ltd has clarified the status of its collaboration talks with Stellantis following market speculation regarding a definitive partnership agreement, confirming that negotiations are ongoing but no final contract has been executed.The company addressed reports suggesting it is on the verge of finalizing a major partnership with Stellantis. Tata Motors confirmed that while discussions between the two entities continue, there has been no definitive agreement reached as of now.Tata Motors Passenger Vehicles Ltd, which was formerly known as Tata Motors Limited, holds a long-standing relationship with Stellantis. This...

Tranway21 Technologies Announces Elevation of Compliance Officer to Fellow Company Secretary Status Tranway21 Technologies Ltd has announced that its Company Secretary and Compliance Officer, Ms. Anitha R, has been elevated from Associate member to Fellow member of the Institute of Company Secretaries of India (ICSI). This elevation is effective as of June 25, 2026.Ms. Anitha R holds the designation of Company Secretary and Compliance Officer at Tranway21 Technologies Ltd. The professional milestone recognizes her advancement within the field of corporate secretarial practices.The details regarding Ms. Anitha R’s membership status are as follows:DetailInformationNameAnitha RDesignationCompany Secretary & Compliance Officer...

India Shelter Finance Corporation Ltd Gains Shareholder Approval for Reclassifying Promoter Members to Public Category India Shelter Finance Corporation Ltd has successfully completed the process of reclassifying several promoter group members from 'Promoter/Promoter Group' status to the 'Public Category.' This change was approved by the Company's shareholders via Postal Ballot and remote e-voting on June 24, 2026.The reclassification involves multiple individual promoters and entities that previously held positions within the Promoter Group. The details of these changes are summarized below, showing their status before and after the shareholder approval.S.No.Name of Promoter/Promoter Group MemberCategory Pre-...

Haldyn Glass Ltd Acquires Additional Stake in Jamnagar Renewables Two for Renewable Power ProcurementHaldyn Glass Ltd has undertaken a strategic investment by acquiring an additional stake in Jamnagar Renewables Two Private Limited, spending Rs. 1.44 Crores. This acquisition is aimed at procuring renewable power under a Captive generation scheme.The transaction involves the purchase of shares outright for cash consideration. Haldyn Glass Ltd acquired 14,40,817 equity shares in Jamnagar Renewables Two Private Limited. The total cost incurred for these shares was Rs. 1.44 crores.Jamnagar Renewables Two Private Limited is a company focused on the generation of electricity from renewable energy sources and operates within the Power...

Rajnandini Fashion: Promoter Vikesh Lunawat Increases Stake with Open Market Purchase Vikesh Lunawat, a promoter of M/s. Rajnandini Fashion India Limited, has increased his shareholding in the company following an open market transaction that took place on June 19, 2026.The acquisition involved purchasing 56,000 Equity Shares of the Target Company from the open market. This purchase brought Vikesh Lunawat's total holding to 71,54,300 Equity Shares, representing a stake of 68.99% in Rajnandini Fashion India Limited.The transaction details reflect a material change in the promoter's stake in Rajnandini Fashion India Ltd. (BSE Scrip Code: 544771). The shares were acquired through an open market process on June 19, 2026.MetricBefore...

Equippp Social Impact Technologies Executes MoU with Government of Telangana to Launch Fellows Program Equippp Social Impact Technologies Ltd has entered into a Memorandum of Understanding (MoU) with the Telangana Academy for Skill and Knowledge (TASK), Department of ITE&C, Government of Telangana. The agreement establishes a collaborative framework aimed at designing, developing, and delivering a customized EQUIPPP Fellows Program.This initiative is described as a first-of-its-kind effort intended to formally develop field-ready professionals who possess domain knowledge combined with cutting-edge technology skills. TASK will function as the finishing-school partner in this collaboration.Equippp will then utilize these resources...