Markets

Suryoday Bank Board Approves Rs 300 Crore Capital Raising Capacity and Reappoints Investor DirectorSuryoday Small Finance Bank Limited's Board of Directors, during a meeting held on June 25, 2026, approved several key strategic decisions, including granting the company the capacity to raise up to Rs 300 Crore through equity instruments and fixing a record date for dividend entitlement. The board also addressed the re-appointment of an existing non-executive director and modifications to the ESOP scheme.The Board meeting focused heavily on strengthening the bank's capital structure and governance framework. Shareholders were sought to provide enabling approval for raising funds up to Rs 300 Crore through a combination of equity...

Vedant Fashions Approves Internal Auditor Re-appointment and Stock Option Grant Vedant Fashions Limited has announced key outcomes from its Board of Directors meeting, approving the re-appointment of an internal auditor and granting a substantial number of stock options to eligible employees. The company's share capital structure was also updated following the allotment of new equity shares against exercised options.The Board meeting reviewed several matters, including the appointment of M/s Grant Thornton Bharat LLP as the Internal Auditor (External) for the Financial Year 2026-27. Additionally, the board approved the grant of stock options under the VFL Employee Stock Option Scheme 2018, known as 'Scheme Pratham'.The Nomination &...

Meesho Limited loses Chief HR Officer as senior management personnel resigns Meesho Limited has confirmed that Mr. Ashish Kumar Singh, who holds the position of Chief Human Resources Officer and is classified as Senior Management Personnel within the company, tendered his resignation. The departure occurred on June 25, 2026.MEESHO Stock Price Movement On Thursday, Meesho Limited shares shed value, closing at ₹186.45 after slipping 1.36%. The stock saw substantial activity during the session, with a total traded volume amounting to 23.94 million shares.

RBI Unlocks Money Market Reforms: Draft Master Directions Aim to Surge Term Liquidity and Boost Dealer Participation The Reserve Bank of India (RBI) has released the draft Master Direction governing the Call, Notice, and Term Money Markets for 2026. This significant regulatory move underscores the central bank's commitment to strengthening the depth and functionality of India's money markets. The directions build upon previous announcements regarding developmental and regulatory policies from April 8, 2026.Enhancing Monetary Policy Transmission The draft Master Directions are specifically designed to bolster the maturity segments of the money market. An active-term money market plays a crucial role in enhancing monetary policy...

Nila Infrastructures Approves Re-appointment of Revant Bhatt as Independent DirectorNila Infrastructures Limited has approved the re-appointment of Mr. Revant Bhatt as a Non-executive Independent Director for a second consecutive term. The appointment is effective from October 7, 2026, and is subject to shareholder approval by way of a special resolution at the upcoming Annual General Meeting.The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Revant Bhatt (DIN:09197805) for a five year term in the company's directorship.Mr. Bhatt brings extensive experience to the role, spanning over a decade in the real estate and construction sector. His...

Thermax Limited Establishes Wholly Owned Step-Down Subsidiary in Middle East Market Thermax Limited has expanded its global footprint by establishing a new wholly owned step-down subsidiary in the Middle Eastern region. The entity, named Thermax Integrated Middle East L.L.C., was incorporated in Dubai and subsequently received its Certificate of Incorporation on June 25, 2026.The new company is held by Thermax Engineering Singapore Pte. Ltd. (TESPL), which itself is a wholly owned subsidiary of Thermax Limited. This strategic move allows the parent entity to deepen its presence and operational capability in projects across the Middle East.Thermax Integrated Middle East L.L.C. was established with 100% shareholding by TESPL. The...

Manglam Infra Secures Rs 7.17 Crore Contract for Highway Rehabilitation Projects under MORTHManglam Infra & Engineering Limited has secured a Letter of Award (LOA) from the Ministry of Road Transport & Highways (MORTH), Regional Office, Maharashtra and Goa. The contract involves providing Consultancy Services for Independent Engineer services related to the Operation and Maintenance of several critical segments of NH-66 (Old NH-17) in Maharashtra.The awarded projects focus on the rehabilitation and up-gradation of NH-66 into a four-lane road with paved shoulders across multiple sections, aiming to improve infrastructure quality. The contract covers three specific stretches:Rehabilitation and up-gradation of NH-66 (Old NH-17) from...

Final Order Received for Composite Scheme of Amalgamation Involving Gujarat Energy Limited Gujarat Gas Limited, now operating as Gujarat Energy Limited (GEL), has received the final order sanctioning a major Composite Scheme of Amalgamation and Arrangement. The scheme involves several entities and results in the creation of GSPL Transmission Limited (GTL) as the Resulting Company.The Final Order was received on April 17, 2026, from the Ministry of Corporate Affairs (MCA). Under this arrangement, Gujarat Energy Limited is identified as the Transferee Company.The companies involved in the Composite Scheme include:Gujarat State Petroleum Corporation Limited (GSPC), designated as Transferor Company 1 Gujarat State Petronet Limited...

RBI Releases Draft Master Direction for Government Security Market Transactions in 2026 The Reserve Bank of India (RBI) has released the draft Master Direction on Secondary Market Transactions in Government Securities, 2026. This move signifies a major regulatory step to consolidate and enhance the clarity surrounding how secondary market trades in government securities are conducted across the financial ecosystem.This crucial directive aims to streamline compliance procedures for all stakeholders involved in these markets. By bringing extant instructions under one unified framework, the RBI is setting a single reference point for banks and investors.Consolidating Regulatory Framework for Govt Securities Trading Secondary market...

Vibhor Steel Tubes Establishes Wholly Owned Subsidiary for Infrastructure Steel Products Vibhor Steel Tubes Limited, a major player in the steel industry, has incorporated Viyom Steel Infra Private Limited as its wholly owned subsidiary. The creation of this specialized entity is set to focus exclusively on high-quality products serving the infrastructure sector.The Ministry of Corporate Affairs (MCA) issued the Certificate of Incorporation for Viyom Steel Infra Private Limited on June 25, 2026. This new company, incorporated in Hisar, Haryana, India, falls under the Steel Products industry and is intended to support specialized manufacturing within the infrastructure market.Vibhor Steel Tubes Limited holds 100% of the shareholding...

Borosil Renewables’ R&D Unit Receives Prestigious DSIR Recognition from Government of India Borosil Renewables Limited has received prestigious recognition for its in-house Research and Development (R&D) units by the Department of Scientific and Industrial Research (DSIR), which is part of the Ministry of Science and Technology, Government of India. This acknowledgment highlights the quality and innovation inherent in the company’s R&D activities.The DSIR recognition applies to the R&D unit located at Plot no. 7, Sr. No. 234, 235 & 245, Indialand Global Industrial Park Road, Phase-1, Hinjewadi, Pune, Maharashtra. This status is intended to encourage the company in maintaining its R&D activities aligned with international standards...

Paramount Communications Receives In-Principle Approval for Preferential Issue of Equity Shares and Warrants Paramount Communications Limited has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited (NSE) for a preferential issue involving equity shares and unlisted convertible warrants. The issuance is targeted at Non-Promoters and Promoters, respectively.The company secured the approvals for the dual offering, which includes 21,997,664 equity shares to be issued to Non-Promoters and 7,200,000 unlisted convertible warrants intended for Promoters. These securities are being offered on a preferential basis.Under the terms of the issue, the details regarding the proposed allotment stand as...

Greenleaf Envirotech Secures Rs 1.92 Crore Contract for ZLD Based CETP ProjectGreenleaf Envirotech Limited has secured a civil construction contract valued at approximately Rs 1.92 Crores from M/s. Advent Envirocare Private Limited. The contract pertains to the development of a Zero Liquid Discharge (ZLD) based Common Effluent Treatment Plant (CETP) with a capacity of 2000 KLD in Tamil Nadu, India.The work order details confirm that Greenleaf Envirotech will execute civil, structural, and allied works for the CETP located at SIPCOT, Perundurai, Tamil Nadu. The company is scheduled to commence the project on June 26, 2026, with a timeline set for completion within four months.The contract details highlight that payment will be...

LMW Limited Completes Acquisition of Additional Shares in Wholly Owned Subsidiary LMW Limited has announced the completion of the transaction involving the acquisition of additional shares in its wholly owned subsidiary, LMW Holding Limited. The company confirmed that the acquisition process is now complete.The subsidiary, LMW Holding Limited, is based in the United Arab Emirates. This transaction follows an earlier communication issued by the Company on May 20, 2026, regarding the acquisition of shares in the entity.Following the successful completion of this transaction, LMW Limited confirmed that it will maintain 100% ownership of LMW Holding Limited.LMW Stock Price Movement LMW Limited shares edged higher on Thursday, closing...

HMT Limited closes insider trading window ahead of June quarter unaudited financial results HMT Limited has announced the closure of its 'Trading Window' for insiders, designated persons, and their immediate relatives in anticipation of the Unaudited Financial Results for the quarter ending June 30, 2026. This restriction applies from July 1, 2026, until 48 hours after the declaration of these financial results.The decision to maintain a closed trading window is based on the advanced status of account consolidation and auditing across various units and subsidiaries of HMT Limited.Previously, the company had also communicated that trading would remain restricted following the closure period set for the quarter ending March 31, 2026...

Patel Integrated Logistics Limited Approves Buyback of Shares, Citing Value Enhancement Patel Integrated Logistics Limited has approved a proposal for the buyback of its equity shares, aiming to optimize the company's capital structure and enhance long-term value for its shareholders. The resolution was passed by the Board of Directors on Tuesday, June 23, 2026.The proposed buyback involves up to 60,00,000 fully paid-up equity shares of the Company. These shares, which have a face value of Rs. 10/- each, are being acquired at a price of Rs. 18/- per share. The total maximum size of the buyback is set at ₹10,80,00,000 (Rupees Ten Crore Eighty Lakhs only).The management stated that the proposal was designed to achieve multiple...

Tapi Fruit Processing Limited Secures New Domestic Order of Rs 5.25 Lakh from Shubham K-Mart Private Limited Tapi Fruit Processing Limited has received a new domestic order for the supply of its products, valued at Rs 5.25 Lakh, from Shubham K-Mart Private Limited. This business deal represents a strategic opportunity for Tapi Fruit Processing as it facilitates showcasing the company's range through a leading organized retail platform.The contract details confirm that the purchase order is a domestic transaction and does not involve any interest from the promoter or associated group companies, nor are they considered a related party transaction. The order was received on June 25, 2026.The engagement with Shubham K-Mart Private...

Isgec Sells Stake in Joint Venture Company, Reduces Holding and Restructures RelationshipIsgec Heavy Engineering Limited has successfully completed the transfer of equity shares in Isgec SFW Boilers Private Limited, a joint venture company. The transaction resulted in Isgec reducing its shareholding in the JV Company from 51% to 26%.The sale involves 500,000 equity shares held by Isgec in the JV Company, which represented 25% of the paid-up share capital. The buyer for these shares was Sumitomo SHI FW Energia Oy.Following the completion of this transaction on June 25, 2026, the company’s status regarding the JV Company has changed. Isgec SFW Boilers Private Limited will cease to be a subsidiary of Isgec Heavy Engineering Limited...

Jindal Stainless Appoints Kunjal Mehta as Chief Financial OfficerNational, June 25, 2026: Jindal Stainless, a leading stainless steel manufacturer in India, has appointed Mr Kunjal Mehta as its new Chief Financial Officer (CFO). The appointment is effective immediately, following approval by the company’s Board in Delhi. A highly experienced finance professional, Mr Mehta will be instrumental in guiding the company's financial strategy as it pursues continued growth and value creation.As CFO, Mr Mehta will oversee the comprehensive finance function of Jindal Stainless. His responsibilities will include treasury management, capital management, investor relations, risk management, financial planning, and strategic growth initiatives...

Sammaan Capital Limited Pays Interest Due on Secured Non-Convertible Debentures Sammaan Capital Limited confirmed that it has made the timely payment of interest amounts related to its Secured Redeemable Non-Convertible Debentures (NRCDs). The company's payments covered all outstanding debenture tranches, with specific details provided regarding eight different issuances.The interest payments concern NRCDs issued through a Public Issue and listed on stock exchanges. The data details the payment status across various instruments, confirming that the full interest amount was paid for each corresponding tranche.A detailed breakdown of the interest payments made by Sammaan Capital Limited is provided below:ISINIssue Size (in INR...